Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 133.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,109 shares of the company's stock after purchasing an additional 40,015 shares during the period. Vontobel Holding Ltd. owned 0.07% of Corsair Gaming worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased 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 valued at $34,000 after acquiring an additional 2,291 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock valued at $44,000 after acquiring an additional 1,971 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Corsair Gaming during the third quarter valued at about $77,000. Glenmede Trust Co. NA acquired a new stake in shares of Corsair Gaming during the third quarter valued at about $97,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Corsair Gaming during the third quarter valued at about $101,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRSR. Macquarie dropped their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. TD Cowen dropped their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a report on Thursday, November 7th. Finally, Wedbush reiterated an "outperform" rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.14.

Corsair Gaming Stock Performance

Corsair Gaming stock traded down $0.71 during trading hours on Friday, reaching $11.82. 1,483,941 shares of the stock were exchanged, compared to its average volume of 1,211,197. The stock has a market cap of $1.24 billion, a P/E ratio of -12.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $13.53. The firm's 50 day moving average is $8.52 and its 200 day moving average is $7.38.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Analysts predict that Corsair Gaming, Inc. will post 0.22 EPS 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.