Ameriprise Financial Inc. Sells 41,798 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Ameriprise Financial Inc. decreased its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 102,636 shares of the company's stock after selling 41,798 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of Corsair Gaming worth $678,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its position in Corsair Gaming by 133.0% during the 4th quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company's stock worth $463,000 after buying an additional 40,015 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Corsair Gaming by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company's stock valued at $38,426,000 after acquiring an additional 148,674 shares during the period. Bank of Montreal Can acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at approximately $912,000. Invesco Ltd. increased its stake in Corsair Gaming by 28.4% during the 4th quarter. Invesco Ltd. now owns 578,749 shares of the company's stock worth $3,826,000 after purchasing an additional 127,948 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Corsair Gaming by 1,051.0% during the 4th quarter. Intech Investment Management LLC now owns 127,647 shares of the company's stock worth $844,000 after purchasing an additional 116,557 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

Wall Street Analyst Weigh In

CRSR has been the subject of a number of research reports. Wall Street Zen cut Corsair Gaming from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays cut their price target on Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Robert W. Baird set a $10.00 price target on Corsair Gaming in a report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and set a $13.00 target price on shares of Corsair Gaming in a report on Monday, May 5th. Finally, The Goldman Sachs Group dropped their target price on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Corsair Gaming currently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

Insider Transactions at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 58.38% of the company's stock.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR traded up $0.13 during mid-day trading on Friday, reaching $9.18. The company had a trading volume of 438,127 shares, compared to its average volume of 756,135. Corsair Gaming, Inc. has a one year low of $5.60 and a one year high of $13.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. The business's 50-day simple moving average is $7.57 and its 200 day simple moving average is $8.47. The firm has a market cap of $971.44 million, a price-to-earnings ratio of -9.66 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $369.75 million for the quarter, compared to the consensus estimate of $366.20 million. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, research analysts predict that Corsair Gaming, Inc. will post 0.22 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.