Corsair Gaming Sees Unusually Large Options Volume (NASDAQ:CRSR)

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) was the target of unusually large options trading on Thursday. Traders bought 7,695 call options on the stock. This represents an increase of 718% compared to the typical volume of 941 call options.

Analyst Upgrades and Downgrades

CRSR has been the topic of a number of recent research reports. Barclays increased their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday. Macquarie cut their price objective on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Wedbush reissued 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. The Goldman Sachs Group dropped their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, TD Cowen lowered their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.14.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Corsair Gaming by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company's stock worth $38,426,000 after buying an additional 148,674 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Corsair Gaming by 85.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock valued at $28,104,000 after buying an additional 1,857,532 shares in the last quarter. State Street Corp raised its position in Corsair Gaming by 0.8% during the third quarter. State Street Corp now owns 1,631,501 shares of the company's stock worth $11,355,000 after acquiring an additional 12,373 shares during the period. Geode Capital Management LLC lifted its stake in Corsair Gaming by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company's stock valued at $7,069,000 after buying an additional 9,344 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Corsair Gaming by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock worth $4,884,000 after acquiring an additional 212,792 shares during the last quarter. Institutional investors own 25.66% of the company's stock.

Corsair Gaming Trading Down 0.7 %

Shares of NASDAQ CRSR traded down $0.09 during trading hours on Monday, hitting $12.42. 1,829,579 shares of the company traded hands, compared to its average volume of 982,031. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -13.80 and a beta of 1.68. The company's 50 day moving average price is $8.15 and its 200 day moving average price is $7.23. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $14.13. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.14% and a negative return on equity of 4.58%. On average, equities research analysts anticipate that Corsair Gaming will post -0.38 earnings per share for the current fiscal year.

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.