Intech Investment Management LLC Increases Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Intech Investment Management LLC raised its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 1,051.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,647 shares of the company’s stock after acquiring an additional 116,557 shares during the quarter. Intech Investment Management LLC owned approximately 0.12% of Corsair Gaming worth $844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRSR. GAMMA Investing LLC raised its position in Corsair Gaming by 41.5% during the 4th 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 during the last quarter. FMR LLC increased its stake in shares of Corsair Gaming by 89.0% during the third 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 period. JPMorgan Chase & Co. raised its holdings in shares of Corsair Gaming by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after acquiring an additional 2,756 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Corsair Gaming by 220.1% in the fourth 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 during the period. Finally, Principal Financial Group Inc. boosted its holdings in Corsair Gaming by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock valued at $1,446,000 after acquiring an additional 7,351 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of Corsair Gaming stock in a transaction 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 completion of the transaction, the chief financial officer now owns 125,650 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 58.89% of the stock is currently owned by company insiders.

Corsair Gaming Stock Up 1.3 %

NASDAQ:CRSR opened at $10.07 on Monday. 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’s 50-day moving average price is $10.21 and its 200-day moving average price is $8.04. The company has a market capitalization of $1.06 billion, a PE ratio of -10.60 and a beta of 1.60. Corsair Gaming, Inc. has a 1-year low of $5.60 and a 1-year high of $13.02.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Barclays boosted their price target 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. Finally, Wedbush restated an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.14.

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.