GAMMA Investing LLC Has $932,000 Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

GAMMA Investing LLC raised its stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 1,466.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,204 shares of the company's stock after acquiring an additional 98,488 shares during the period. GAMMA Investing LLC owned approximately 0.10% of Corsair Gaming worth $932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Corsair Gaming by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company's stock worth $38,426,000 after purchasing an additional 148,674 shares during the period. Geode Capital Management LLC grew its stake in Corsair Gaming by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company's stock worth $7,069,000 after buying an additional 9,344 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock valued at $4,884,000 after buying an additional 212,792 shares during the period. Invesco Ltd. raised its position in shares of Corsair Gaming by 28.4% in the 4th quarter. Invesco Ltd. now owns 578,749 shares of the company's stock valued at $3,826,000 after buying an additional 127,948 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Corsair Gaming by 19.5% during the 4th quarter. Northern Trust Corp now owns 490,622 shares of the company's stock worth $3,243,000 after acquiring an additional 80,012 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Corsair Gaming Trading Down 1.4%

Shares of NASDAQ:CRSR traded down $0.13 during midday trading on Friday, hitting $9.08. 260,283 shares of the stock were exchanged, compared to its average volume of 761,774. The business's 50-day moving average price is $8.01 and its 200 day moving average price is $8.60. Corsair Gaming, Inc. has a 12 month low of $5.60 and a 12 month high of $13.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.52. The stock has a market capitalization of $960.85 million, a price-to-earnings ratio of -9.76 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business 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 4.65% and a negative net margin of 7.20%. The company's revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. Analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current 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.