Dimensional Fund Advisors LP Sells 82,538 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Dimensional Fund Advisors LP decreased its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,742,045 shares of the company's stock after selling 82,538 shares during the period. Dimensional Fund Advisors LP owned 1.68% of Corsair Gaming worth $19,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC bought a new position in Corsair Gaming during the 1st quarter valued at approximately $162,000. PEAK6 Investments LLC raised its position in Corsair Gaming by 144.3% during the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company's stock valued at $164,000 after purchasing an additional 43,393 shares during the last quarter. EntryPoint Capital LLC raised its position in Corsair Gaming by 286.4% during the 1st quarter. EntryPoint Capital LLC now owns 17,041 shares of the company's stock valued at $210,000 after purchasing an additional 12,631 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Corsair Gaming by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company's stock worth $250,000 after acquiring an additional 1,348 shares during the period. Finally, Capstone Investment Advisors LLC grew its holdings in shares of Corsair Gaming by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the company's stock worth $336,000 after acquiring an additional 2,250 shares during the period. Institutional investors own 25.66% of the company's stock.

Analyst Upgrades and Downgrades

CRSR has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Corsair Gaming from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Robert W. Baird cut their price target on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 25th. Stifel Nicolaus cut their price target on Corsair Gaming from $16.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Wedbush cut their price target on Corsair Gaming from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays cut their price target on Corsair Gaming from $17.00 to $14.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.60.

Corsair Gaming Stock Up 1.5 %

CRSR traded up $0.11 during trading on Friday, hitting $7.21. 474,793 shares of the company's stock traded hands, compared to its average volume of 451,813. The company's 50 day simple moving average is $6.63 and its two-hundred day simple moving average is $9.51. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. Corsair Gaming, Inc. has a 12-month low of $5.59 and a 12-month high of $15.07. The stock has a market capitalization of $749.16 million, a price-to-earnings ratio of -90.13 and a beta of 1.58.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). Corsair Gaming had a negative net margin of 2.83% and a positive return on equity of 2.17%. The business had revenue of $261.30 million for the quarter, compared to analysts' expectations of $290.30 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The business's revenue for the quarter was down 19.7% on a year-over-year basis. Analysts predict that Corsair Gaming, Inc. will post 0.07 earnings per share for the current fiscal 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.