Vanguard Group Inc. raised its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,813,359 shares of the company's stock after buying an additional 148,674 shares during the quarter. Vanguard Group Inc. owned about 5.55% of Corsair Gaming worth $38,426,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted 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 worth $44,000 after purchasing an additional 1,971 shares during the period. FMR LLC boosted its position in shares of 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 during the period. JPMorgan Chase & Co. boosted its position in shares of 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 during the period. PNC Financial Services Group Inc. grew its position 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 valued at $33,000 after acquiring an additional 3,414 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Corsair Gaming by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 218,742 shares of the company's stock worth $1,446,000 after purchasing an additional 7,351 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CRSR has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and set a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Robert W. Baird boosted their price objective on Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, 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 report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.14.
View Our Latest Research Report on Corsair Gaming
Insider Activity at Corsair Gaming
In other news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total transaction of $41,569.92. Following the sale, the chief financial officer now owns 125,650 shares in the company, valued at $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 58.89% of the company's stock.
Corsair Gaming Stock Down 0.3 %
Corsair Gaming stock traded down $0.02 during midday trading on Tuesday, hitting $6.31. 1,205,777 shares of the stock were exchanged, compared to its average volume of 676,620. The company has a 50 day moving average price of $9.81 and a two-hundred day moving average price of $8.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The firm has a market cap of $661.64 million, a P/E ratio of -6.64 and a beta of 1.68. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. On average, sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.
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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