Bank of Montreal Can Makes New Investment in Corsair Gaming, Inc. (NASDAQ:CRSR)

Bank of Montreal Can acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 138,033 shares of the company's stock, valued at approximately $912,000. Bank of Montreal Can owned about 0.13% of Corsair Gaming as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock valued at $33,000 after buying an additional 3,414 shares during the period. FMR LLC lifted its stake in shares of Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company's stock valued at $34,000 after purchasing an additional 2,291 shares during the last quarter. GAMMA Investing LLC grew its holdings 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. KLP Kapitalforvaltning AS acquired a new stake in shares of Corsair Gaming during the 4th quarter worth about $50,000. Finally, Quadrant Capital Group LLC raised its holdings in Corsair Gaming by 45.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after buying an additional 2,538 shares during the period. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRSR shares. Wedbush reaffirmed an "outperform" rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Barclays increased 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. Finally, Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.14.

Insiders Place Their Bets

In other news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the completion of the transaction, the chief financial officer now directly owns 125,650 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. 58.89% of the stock is owned by company insiders.

Corsair Gaming Stock Up 4.4 %

CRSR traded up $0.29 during trading hours on Thursday, hitting $6.89. 288,130 shares of the company's stock were exchanged, compared to its average volume of 698,177. The firm has a market cap of $722.56 million, a P/E ratio of -7.23 and a beta of 1.68. Corsair Gaming, Inc. has a 12-month low of $5.60 and a 12-month high of $13.02. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $9.26 and a 200 day moving average of $8.16.

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

Corsair Gaming Company 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.