Northern Trust Corp Has $3.24 Million Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Northern Trust Corp grew its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 490,622 shares of the company's stock after purchasing an additional 80,012 shares during the period. Northern Trust Corp owned 0.47% of Corsair Gaming worth $3,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted 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 purchasing an additional 3,414 shares in the last quarter. Quarry LP bought a new position in shares of Corsair Gaming during the 4th quarter valued at about $34,000. KLP Kapitalforvaltning AS bought a new position in shares of Corsair Gaming during the 4th quarter valued at about $50,000. Quadrant Capital Group LLC boosted its position in shares of Corsair Gaming by 45.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after purchasing an additional 2,538 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Corsair Gaming during the 4th quarter valued at about $67,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Corsair Gaming Stock Up 1.1%

Shares of NASDAQ CRSR traded up $0.10 during mid-day trading on Wednesday, reaching $9.10. The company had a trading volume of 273,298 shares, compared to its average volume of 745,562. The stock has a fifty day moving average of $7.65 and a two-hundred day moving average of $8.36. 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 company has a market capitalization of $962.44 million, a price-to-earnings ratio of -9.58 and a beta of 1.70. 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $369.75 million during the quarter, compared to analysts' expectations of $366.20 million. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Corsair Gaming's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. As a group, equities research analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Insider Activity at Corsair Gaming

In other news, CFO Michael G. Potter sold 4,124 shares of Corsair Gaming stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares of the company's stock, valued at $1,266,552. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 58.89% of the company's stock.

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.