Corsair Gaming (NASDAQ:CRSR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corsair Gaming (NASDAQ:CRSR) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other equities analysts have also recently commented on the stock. Craig Hallum set a $10.00 target price on shares of Corsair Gaming in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Corsair Gaming in a research note on Monday, December 29th. B. Riley Financial restated a “neutral” rating on shares of Corsair Gaming in a research note on Friday. Wedbush dropped their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Macquarie Infrastructure cut their price objective on shares of Corsair Gaming from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.79.

Corsair Gaming Stock Down 0.2%

Shares of NASDAQ CRSR opened at $5.16 on Friday. The business has a 50-day moving average price of $5.85 and a 200 day moving average price of $7.28. The stock has a market cap of $549.90 million, a PE ratio of -15.18 and a beta of 1.55. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Corsair Gaming has a 52-week low of $4.59 and a 52-week high of $13.02.

Insider Activity

In other news, CEO Thi L. La purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $6.10 per share, with a total value of $305,000.00. Following the purchase, the chief executive officer directly owned 480,726 shares of the company’s stock, valued at $2,932,428.60. This represents a 11.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 58.38% of the stock is owned by company insiders.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently modified their holdings of CRSR. Virtus Advisers LLC purchased a new position in shares of Corsair Gaming during the 2nd quarter worth approximately $45,000. Ameritas Investment Partners Inc. grew its holdings in Corsair Gaming by 30.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,765 shares of the company’s stock valued at $45,000 after buying an additional 1,120 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Corsair Gaming by 245.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Corsair Gaming by 24.7% in the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock worth $74,000 after acquiring an additional 1,551 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Corsair Gaming by 70.6% in the second quarter. PNC Financial Services Group Inc. now owns 8,632 shares of the company’s stock valued at $81,000 after acquiring an additional 3,571 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

About Corsair Gaming

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.