Corsair Gaming, Inc. (NASDAQ:CRSR – Get Free Report)’s share price gapped down before the market opened on Wednesday after Barclays lowered their price target on the stock from $20.00 to $17.00. The stock had previously closed at $12.82, but opened at $12.45. Barclays currently has an overweight rating on the stock. Corsair Gaming shares last traded at $12.89, with a volume of 172,080 shares trading hands.
A number of other equities research analysts have also issued reports on the company. Wedbush restated an “outperform” rating and issued a $21.00 price target on shares of Corsair Gaming in a research report on Wednesday, February 7th. Stifel Nicolaus dropped their price target on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Corsair Gaming from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.80.
Insider Transactions at Corsair Gaming
In other news, COO Thi L. La sold 3,837 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $14.00, for a total transaction of $53,718.00. Following the completion of the transaction, the chief operating officer now directly owns 212,994 shares in the company, valued at $2,981,916. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 65.23% of the company’s stock.
Institutional Trading of Corsair Gaming
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Corsair Gaming by 3.2% in the first quarter. BlackRock Inc. now owns 6,265,716 shares of the company’s stock valued at $114,976,000 after buying an additional 196,315 shares in the last quarter. Vanguard Group Inc. raised its stake in Corsair Gaming by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock valued at $78,884,000 after buying an additional 149,947 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Corsair Gaming by 23.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,633,973 shares of the company’s stock valued at $23,040,000 after buying an additional 305,602 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Corsair Gaming by 94.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,395,985 shares of the company’s stock valued at $19,683,000 after buying an additional 678,017 shares in the last quarter. Finally, State Street Corp raised its stake in Corsair Gaming by 1.9% in the second quarter. State Street Corp now owns 1,374,801 shares of the company’s stock valued at $24,389,000 after buying an additional 25,396 shares in the last quarter. 24.20% of the stock is currently owned by institutional investors and hedge funds.
Corsair Gaming Stock Performance
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.12. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 144.11 and a beta of 1.64. The stock has a 50 day simple moving average of $13.66 and a two-hundred day simple moving average of $14.07.
Corsair Gaming Company Profile
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes 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, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.