Corsair Gaming, Inc. (NASDAQ:CRSR) Holdings Boosted by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 324.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,222 shares of the company's stock after acquiring an additional 48,332 shares during the period. Squarepoint Ops LLC owned 0.06% of Corsair Gaming worth $418,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. 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 worth $38,426,000 after buying an additional 148,674 shares during the period. Geode Capital Management LLC raised its position in shares of Corsair Gaming by 0.9% in 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 during the period. New York State Common Retirement Fund raised its position in shares of 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 worth $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 worth $3,826,000 after buying an additional 127,948 shares during the period. Finally, Northern Trust Corp raised its position in shares of Corsair Gaming by 19.5% in 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 during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Stock Up 1.4%

NASDAQ:CRSR traded up $0.13 on Friday, reaching $9.18. The stock had a trading volume of 438,127 shares, compared to its average volume of 756,135. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $7.57 and a 200 day moving average of $8.47. The stock has a market cap of $971.44 million, a P/E ratio of -9.66 and a beta of 1.77. 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 data 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 firm had revenue of $369.75 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. On average, research analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Insider Transactions at Corsair Gaming

In other news, CFO Michael G. Potter sold 4,124 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares of the company's stock, valued at approximately $1,266,552. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 58.38% of the company's stock.

Wall Street Analysts Forecast Growth

CRSR has been the topic of several research reports. The Goldman Sachs Group cut their target price 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. Wall Street Zen lowered Corsair Gaming from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays lowered 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. Wedbush reiterated an "outperform" rating and issued a $13.00 price target on shares of Corsair Gaming in a report on Monday, May 5th. Finally, Robert W. Baird set a $10.00 price target on Corsair Gaming in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Corsair Gaming currently has an average rating of "Moderate Buy" and a consensus price target 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.