Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter Sells 4,124 Shares of Stock

Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter sold 4,124 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, the chief financial officer now directly 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 document filed with the SEC, which is available at this link.

Corsair Gaming Trading Up 1.3 %

Shares of NASDAQ:CRSR opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The firm has a market capitalization of $1.06 billion, a P/E ratio of -10.60 and a beta of 1.60. The business’s 50-day moving average is $10.21 and its 200 day moving average is $8.01. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last released its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, research analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRSR. Robert W. Baird increased their price objective on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Wedbush restated an “outperform” rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Finally, Barclays raised their target price on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.14.

Hedge Funds Weigh In On Corsair Gaming

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of 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 about $33,000. FMR LLC raised its stake in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after buying an additional 2,291 shares during the last quarter. Quarry LP acquired a new position in shares of Corsair Gaming in the 4th quarter valued at about $34,000. Finally, GAMMA Investing LLC boosted its stake 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 worth $44,000 after buying an additional 1,971 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.