Corsair Gaming, Inc. (NASDAQ:CRSR) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 2.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,429,071 shares of the company's stock after acquiring an additional 149,947 shares during the period. Vanguard Group Inc. owned about 5.27% of Corsair Gaming worth $78,884,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Corsair Gaming by 429.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company's stock worth $32,000 after purchasing an additional 1,224 shares in the last quarter. Covestor Ltd lifted its position in shares of Corsair Gaming by 23,240.0% during the third quarter. Covestor Ltd now owns 2,334 shares of the company's stock worth $34,000 after purchasing an additional 2,324 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Corsair Gaming by 1,179.2% during the second quarter. Captrust Financial Advisors now owns 5,104 shares of the company's stock worth $67,000 after purchasing an additional 4,705 shares in the last quarter. Sandia Investment Management LP acquired a new stake in shares of Corsair Gaming during the fourth quarter worth about $68,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Corsair Gaming by 224.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,878 shares of the company's stock worth $69,000 after purchasing an additional 2,682 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Insider Activity at Corsair Gaming

In other Corsair Gaming news, COO Thi L. La sold 3,837 shares of the firm's stock in a transaction on Monday, January 8th. The stock was sold at an average price of $14.00, for a total value of $53,718.00. Following the completion of the sale, the chief operating officer now owns 212,994 shares of the company's stock, valued at $2,981,916. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 65.23% of the stock is currently owned by insiders.

Corsair Gaming Stock Performance

NASDAQ:CRSR traded up $0.07 during midday trading on Friday, reaching $11.84. The stock had a trading volume of 227,338 shares, compared to its average volume of 298,071. The firm has a fifty day simple moving average of $12.69 and a two-hundred day simple moving average of $13.23. Corsair Gaming, Inc. has a 12-month low of $11.45 and a 12-month high of $20.72. The company has a quick ratio of 1.13, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.22 billion, a P/E ratio of 394.80 and a beta of 1.61.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. The firm had revenue of $417.29 million during the quarter, compared to analysts' expectations of $435.57 million. On average, equities analysts expect that Corsair Gaming, Inc. will post 0.43 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRSR. Robert W. Baird reduced their price target on shares of Corsair Gaming from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, February 15th. Wedbush reaffirmed an "outperform" rating and issued a $21.00 target price on shares of Corsair Gaming in a report on Wednesday, February 7th. Barclays reduced their target price on shares of Corsair Gaming from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, February 14th. Finally, Stifel Nicolaus reduced their target price on shares of Corsair Gaming from $17.00 to $16.00 and set an "action list buy" rating on the stock in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong 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 $16.33.

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.