Two Sigma Investments LP Has $414,000 Stake in Corsair Gaming, Inc. (NASDAQ:CRSR)

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

A number of other hedge funds also recently made changes to their positions in the business. Sherbrooke Park Advisers LLC bought a new stake in shares of Corsair Gaming during the fourth quarter valued at approximately $101,000. Point72 Asset Management L.P. bought a new stake in shares of Corsair Gaming during the fourth quarter valued at approximately $329,000. ProShare Advisors LLC bought a new stake in shares of Corsair Gaming during the fourth quarter valued at approximately $89,000. Deutsche Bank AG raised its holdings in shares of Corsair Gaming by 105.6% during the fourth quarter. Deutsche Bank AG now owns 33,540 shares of the company's stock valued at $222,000 after buying an additional 17,229 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Corsair Gaming during the fourth quarter valued at approximately $453,000. Institutional investors own 25.66% of the company's stock.

Insider Buying and Selling

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 value of $41,569.92. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 58.38% of the company's stock.

Corsair Gaming Price Performance

Corsair Gaming stock traded down $0.39 during mid-day trading on Friday, hitting $9.05. The company's stock had a trading volume of 567,807 shares, compared to its average volume of 762,113. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $957.68 million, a P/E ratio of -9.53 and a beta of 1.77. Corsair Gaming, Inc. has a twelve month low of $5.60 and a twelve month high of $13.02. The stock's fifty day moving average price is $7.74 and its two-hundred day moving average price is $8.54.

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 the consensus estimate of $0.13 by ($0.02). Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. The business had revenue of $369.75 million during the quarter, compared to analyst estimates of $366.20 million. During the same quarter last year, the firm posted $0.09 EPS. The company's quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRSR shares. Barclays lowered their price objective on shares of Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird set a $10.00 price objective on shares of Corsair Gaming in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Corsair Gaming from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wedbush reiterated an "outperform" rating and set a $13.00 price objective on shares of Corsair Gaming in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

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.