Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) CFO Michael G. Potter sold 4,124 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the sale, the chief financial officer now owns 125,650 shares of the company's stock, valued at $1,266,552. This trade represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Corsair Gaming Stock Performance
Shares of Corsair Gaming stock traded down $0.04 on Tuesday, reaching $10.04. 831,496 shares of the stock were exchanged, compared to its average volume of 616,952. The business has a 50 day moving average price of $10.26 and a two-hundred day moving average price of $8.07. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -10.57 and a beta of 1.60. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming, Inc. has a twelve month low of $5.60 and a twelve month high of $13.02.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Analysts anticipate that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on CRSR. Barclays raised their target price on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Corsair Gaming presently has an average rating of "Moderate Buy" and a consensus price target of $10.14.
View Our Latest Report on CRSR
Hedge Funds Weigh In On Corsair Gaming
Large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock valued at $44,000 after purchasing an additional 1,971 shares during the period. FMR LLC increased its stake in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company's stock worth $34,000 after buying an additional 2,291 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Corsair Gaming by 45.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after acquiring an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Corsair Gaming by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company's stock worth $274,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Corsair Gaming by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company's stock valued at $257,000 after purchasing an additional 2,789 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company's stock.
About Corsair Gaming
(
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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.
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