D. E. Shaw & Co. Inc. Has $2.05 Million Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

D. E. Shaw & Co. Inc. lessened its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 38.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 309,588 shares of the company's stock after selling 189,618 shares during the period. D. E. Shaw & Co. Inc. owned about 0.30% of Corsair Gaming worth $2,046,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Corsair Gaming by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company's stock worth $38,426,000 after buying an additional 148,674 shares in the last quarter. Geode Capital Management LLC lifted its position in Corsair Gaming by 0.9% during the 4th 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 lifted its position in Corsair Gaming by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock worth $4,884,000 after buying an additional 212,792 shares in the last quarter. Invesco Ltd. lifted its position 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 buying an additional 127,948 shares in the last quarter. Finally, Northern Trust Corp lifted its position in 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 buying an additional 80,012 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company's stock.

Corsair Gaming Trading Down 1.1%

Corsair Gaming stock traded down $0.09 during trading hours on Friday, reaching $8.23. 641,168 shares of the company's stock traded hands, compared to its average volume of 745,435. 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 firm has a market capitalization of $870.91 million, a price-to-earnings ratio of -8.66 and a beta of 1.70. The firm's 50 day moving average is $7.71 and its 200-day moving average is $8.33. Corsair Gaming, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $13.02.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced 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). The company had revenue of $369.75 million during the quarter, compared to the consensus estimate of $366.20 million. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. The business's revenue 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. On average, analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRSR. Barclays reduced their price target on shares of Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on shares of 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 restated an "outperform" rating and set a $13.00 target price on shares of Corsair Gaming in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Corsair Gaming from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.00.

Insider Activity

In other news, CFO Michael G. Potter sold 4,124 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the completion of the sale, the chief financial officer now directly owns 125,650 shares of the company's stock, valued at $1,266,552. This represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 58.89% of the stock is currently owned by company insiders.

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.