Palisade Capital Management LP Purchases 81,376 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Palisade Capital Management LP increased its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,416,490 shares of the company's stock after buying an additional 81,376 shares during the quarter. Palisade Capital Management LP owned about 2.30% of Corsair Gaming worth $21,410,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Corsair Gaming by 2.6% in the first quarter. Principal Financial Group Inc. now owns 224,338 shares of the company's stock worth $1,988,000 after purchasing an additional 5,596 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Corsair Gaming by 40.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,358 shares of the company's stock worth $172,000 after purchasing an additional 5,614 shares during the last quarter. GAMMA Investing LLC boosted its position in Corsair Gaming by 76.8% in the first quarter. GAMMA Investing LLC now owns 11,874 shares of the company's stock worth $105,000 after purchasing an additional 5,158 shares during the last quarter. PharVision Advisers LLC purchased a new position in Corsair Gaming in the fourth quarter worth about $128,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Corsair Gaming by 18.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,263 shares of the company's stock worth $365,000 after purchasing an additional 8,545 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Price Performance

NASDAQ CRSR traded down $0.13 during trading hours on Friday, reaching $9.60. The company's stock had a trading volume of 288,202 shares, compared to its average volume of 762,929. The firm's 50-day moving average price is $8.68 and its 200-day moving average price is $8.77. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -10.32 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Corsair Gaming had a negative return on equity of 4.65% and a negative net margin of 7.20%. The business had revenue of $369.75 million during the quarter, compared to analysts' expectations of $366.20 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRSR. The Goldman Sachs Group lowered their price objective on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating and set a $13.00 price objective on shares of Corsair Gaming in a research report on Monday, May 5th. Barclays lowered their price objective on Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Robert W. Baird set a $10.00 price objective on Corsair Gaming in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised Corsair Gaming from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Corsair Gaming presently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

About Corsair Gaming

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.