Bank of Montreal Can Buys New Shares in Corsair Gaming, Inc. (NASDAQ:CRSR)

Bank of Montreal Can acquired a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 138,033 shares of the company's stock, valued at approximately $912,000. Bank of Montreal Can owned 0.13% of Corsair Gaming as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock worth $44,000 after buying an additional 1,971 shares in the last quarter. FMR LLC grew its holdings in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company's stock worth $34,000 after purchasing an additional 2,291 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Corsair Gaming by 45.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after buying an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Corsair Gaming by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company's stock worth $274,000 after buying an additional 2,756 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock worth $33,000 after acquiring an additional 3,414 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Michael G. Potter sold 4,124 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the completion of the transaction, the chief financial officer now directly owns 125,650 shares of the company's stock, valued at approximately $1,266,552. This represents a 3.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 58.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CRSR shares. Robert W. Baird upped their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Wedbush reissued an "outperform" rating and issued a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Finally, Barclays upped their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Corsair Gaming has an average rating of "Moderate Buy" and a consensus price target of $10.14.

Corsair Gaming Trading Down 4.0 %

NASDAQ CRSR traded down $0.24 during trading on Monday, reaching $5.79. 1,127,206 shares of the stock traded hands, compared to its average volume of 687,605. Corsair Gaming, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $13.02. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The firm has a market cap of $607.11 million, a price-to-earnings ratio of -6.09 and a beta of 1.68. The stock's 50-day moving average price is $9.51 and its 200 day moving average price is $8.18.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Corsair Gaming Profile

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.