Invesco Ltd. grew its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 578,749 shares of the company's stock after buying an additional 127,948 shares during the quarter. Invesco Ltd. owned 0.55% of Corsair Gaming worth $3,826,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CRSR. Barclays PLC increased its stake in Corsair Gaming by 257.3% in the 3rd quarter. Barclays PLC now owns 78,933 shares of the company's stock worth $549,000 after buying an additional 56,841 shares during the period. Vontobel Holding Ltd. increased its position in shares of Corsair Gaming by 133.0% during the fourth quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company's stock worth $463,000 after acquiring an additional 40,015 shares during the period. Vanguard Group Inc. raised 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 valued at $38,426,000 after acquiring an additional 148,674 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Corsair Gaming in the fourth quarter valued at approximately $912,000. Finally, Intech Investment Management LLC grew its stake in Corsair Gaming by 1,051.0% in the fourth quarter. Intech Investment Management LLC now owns 127,647 shares of the company's stock worth $844,000 after purchasing an additional 116,557 shares in the last quarter. Institutional investors own 25.66% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on CRSR shares. Robert W. Baird upped their target price on Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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 note on Thursday, February 13th. Finally, Wedbush reissued an "outperform" rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Corsair Gaming presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.14.
Check Out Our Latest Report on Corsair Gaming
Corsair Gaming Price Performance
CRSR opened at $7.44 on Monday. The firm has a market capitalization of $780.12 million, a PE ratio of -7.83 and a beta of 1.68. The business's 50-day moving average is $9.06 and its two-hundred day moving average is $8.18. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted 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 net margin of 7.53% and a negative return on equity of 4.62%. Research analysts anticipate that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $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 the SEC website. 58.89% of the stock is owned by company insiders.
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.
See Also
Want to see what other hedge funds are holding CRSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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