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

Corsair Gaming, Inc. (NASDAQ:CRSR) 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 transaction of $41,569.92. Following the transaction, the chief financial officer now directly owns 125,650 shares of the company’s stock, valued at $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Corsair Gaming Trading Up 1.3 %

Shares of Corsair Gaming stock opened at $10.07 on Friday. The business has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $8.03. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -10.60 and a beta of 1.60. Corsair Gaming, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $13.02. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting 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, equities analysts forecast that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRSR. PNC Financial Services Group Inc. boosted its stake in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after acquiring an additional 3,414 shares in the last quarter. BNP Paribas acquired a new position in shares of Corsair Gaming in the 4th quarter valued at $33,000. FMR LLC boosted its position in shares of Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after purchasing an additional 2,291 shares during the period. Quarry LP acquired a new stake in Corsair Gaming during the 4th quarter worth about $34,000. Finally, GAMMA Investing LLC lifted its stake in Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after buying an additional 1,971 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.