Barclays Cuts Corsair Gaming (NASDAQ:CRSR) Price Target to $9.00

Corsair Gaming (NASDAQ:CRSR) had its price target cut by Barclays from $14.00 to $9.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently commented on CRSR. Wedbush reiterated an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a research report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group dropped their target price on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird reduced their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Trading Down 4.5 %

CRSR stock opened at $6.54 on Thursday. The company has a market capitalization of $681.14 million, a PE ratio of -7.27 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.80. Corsair Gaming has a one year low of $5.59 and a one year high of $15.07. The company’s 50 day moving average price is $6.59 and its two-hundred day moving average price is $8.61.

Institutional Investors Weigh In On Corsair Gaming

Several institutional investors and hedge funds have recently bought and sold shares of CRSR. Vanguard Group Inc. raised its holdings in shares of Corsair Gaming by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after acquiring an additional 64,373 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in Corsair Gaming by 286.4% in the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock valued at $210,000 after acquiring an additional 12,631 shares in the last quarter. PEAK6 Investments LLC raised its holdings in Corsair Gaming by 144.3% in the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after purchasing an additional 43,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Corsair Gaming by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Corsair Gaming during the 1st quarter valued at about $162,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.