Invesco Ltd. lifted its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 578,749 shares of the company's stock after purchasing an additional 127,948 shares during the quarter. Invesco Ltd. owned about 0.55% of Corsair Gaming worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock valued at $33,000 after buying an additional 3,414 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock valued at $44,000 after purchasing an additional 1,971 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Corsair Gaming in the 4th quarter worth about $50,000. Quadrant Capital Group LLC boosted its holdings in shares of 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 purchasing an additional 2,538 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Corsair Gaming during the 4th quarter valued at $67,000. 25.66% of the stock is owned by institutional investors and hedge funds.
Corsair Gaming Price Performance
Shares of CRSR stock traded up $0.21 during trading hours on Friday, hitting $7.23. The company had a trading volume of 111,215 shares, compared to its average volume of 708,647. 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's fifty day moving average is $8.67 and its 200 day moving average is $8.17. Corsair Gaming, Inc. has a 12 month low of $5.60 and a 12 month high of $13.02. The firm has a market capitalization of $757.58 million, a price-to-earnings ratio of -7.61 and a beta of 1.68.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.
Insider Buying and Selling
In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction dated 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 directly owns 125,650 shares of the company's stock, valued at approximately $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 58.89% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CRSR shares. Barclays lifted their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Robert W. Baird raised their price target on Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Wedbush reaffirmed an "outperform" rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.14.
View Our Latest Analysis on CRSR
About Corsair Gaming
(
Free Report)
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.
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