Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 230.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,640 shares of the company's stock after acquiring an additional 43,668 shares during the quarter. Two Sigma Investments LP owned approximately 0.06% of Corsair Gaming worth $414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Corsair Gaming by 45.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock worth $53,000 after buying an additional 2,538 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Corsair Gaming by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company's stock valued at $257,000 after buying an additional 2,789 shares during the period. PNC Financial Services Group Inc. increased its stake in Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock worth $33,000 after purchasing an additional 3,414 shares during the period. BNP Paribas acquired a new stake in Corsair Gaming during the 4th quarter worth approximately $33,000. Finally, Quarry LP acquired a new stake in shares of Corsair Gaming in the fourth quarter valued at $34,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Corsair Gaming

In related news, CFO Michael G. Potter sold 4,124 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total transaction of $41,569.92. Following the sale, the chief financial officer now owns 125,650 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 58.38% of the company's stock.

Corsair Gaming Price Performance

NASDAQ:CRSR traded up $0.19 during mid-day trading on Tuesday, hitting $9.70. 743,029 shares of the company's stock traded hands, compared to its average volume of 1,034,400. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. Corsair Gaming, Inc. has a 1 year low of $5.59 and a 1 year high of $13.02. The company has a market cap of $1.03 billion, a PE ratio of -10.21 and a beta of 1.77. The firm's 50 day simple moving average is $7.58 and its 200 day simple moving average is $8.51.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 7.53% and a negative return on equity of 4.62%. The firm's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Sell-side analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CRSR shares. Robert W. Baird set a $10.00 price objective on shares of Corsair Gaming in a research report on Wednesday, May 7th. Wedbush reaffirmed an "outperform" rating and issued a $13.00 target price on shares of Corsair Gaming in a report on Monday, May 5th. Wall Street Zen downgraded Corsair Gaming from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group cut 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. Finally, Barclays reduced 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.00.

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.