Counterpoint Mutual Funds LLC bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 51,281 shares of the company's stock, valued at approximately $339,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Corsair Gaming by 41.5% during the 4th 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 in the last quarter. FMR LLC grew its position in 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 buying an additional 2,291 shares in the last quarter. JPMorgan Chase & Co. grew its position in Corsair Gaming by 7.5% during the third 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. PNC Financial Services Group Inc. increased its stake in Corsair Gaming by 220.1% in 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. Finally, Principal Financial Group Inc. raised its holdings in shares of Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company's stock valued at $1,446,000 after acquiring an additional 7,351 shares in the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Corsair Gaming
In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 125,650 shares in the company, valued at approximately $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.89% of the stock is currently owned by company insiders.
Corsair Gaming Trading Up 1.3 %
Shares of CRSR traded up $0.13 during mid-day trading on Friday, reaching $10.07. The company's stock had a trading volume of 1,459,951 shares, compared to its average volume of 613,003. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. Corsair Gaming, Inc. has a 52 week low of $5.60 and a 52 week high of $13.02. The company's fifty day moving average price is $10.16 and its two-hundred day moving average price is $7.99. The stock has a market cap of $1.06 billion, a PE ratio of -10.60 and a beta of 1.60.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Wedbush reissued an "outperform" rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, Robert W. Baird lifted their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.14.
View Our Latest Stock Analysis on CRSR
About Corsair Gaming
(
Free Report)
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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