Jump Financial LLC Has $303,000 Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Jump Financial LLC trimmed its stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 42.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,769 shares of the company's stock after selling 34,031 shares during the quarter. Jump Financial LLC's holdings in Corsair Gaming were worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRSR. PNC Financial Services Group Inc. raised its holdings in Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock worth $33,000 after buying an additional 3,414 shares during the last quarter. GAMMA Investing LLC boosted its stake in Corsair Gaming by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock valued at $44,000 after purchasing an additional 1,971 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Corsair Gaming during the 4th quarter worth approximately $50,000. Quadrant Capital Group LLC raised its stake in shares of Corsair Gaming by 45.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock worth $53,000 after purchasing an additional 2,538 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Corsair Gaming in the fourth quarter valued at approximately $67,000. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Stock Performance

NASDAQ CRSR traded up $0.24 on Friday, hitting $7.26. 124,693 shares of the stock traded hands, compared to its average volume of 708,698. The firm has a market capitalization of $760.72 million, a price-to-earnings ratio of -7.64 and a beta of 1.68. The business's fifty day moving average is $8.67 and its two-hundred day moving average is $8.17. 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 12 month low of $5.60 and a 12 month 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 (EPS) for the quarter, meeting 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%. As a group, equities analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction 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 of the company's stock, valued at $1,266,552. The trade was a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 58.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush reissued an "outperform" rating and issued a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Robert W. Baird increased their target price 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. Finally, Barclays raised their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.14.

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.