Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Corsair Gaming, Inc. (NASDAQ:CRSR – Get Rating) by 65.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,270 shares of the company’s stock after acquiring an additional 2,093 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Corsair Gaming were worth $72,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CRSR. Bank of New York Mellon Corp grew its position in shares of Corsair Gaming by 224.2% in the first quarter. Bank of New York Mellon Corp now owns 540,458 shares of the company’s stock valued at $11,437,000 after purchasing an additional 373,738 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in Corsair Gaming by 62.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 17,496 shares of the company’s stock valued at $370,000 after buying an additional 6,736 shares in the last quarter. Citigroup Inc. grew its holdings in Corsair Gaming by 103.3% in the 1st quarter. Citigroup Inc. now owns 38,266 shares of the company’s stock valued at $810,000 after buying an additional 19,447 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Corsair Gaming by 429.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock worth $32,000 after buying an additional 1,224 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Corsair Gaming by 55.3% during the first quarter. MetLife Investment Management LLC now owns 15,389 shares of the company’s stock worth $326,000 after buying an additional 5,482 shares in the last quarter. 81.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
CRSR has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Corsair Gaming in a research report on Sunday, April 16th. They set a “neutral” rating and a $20.00 price target on the stock. Barclays raised their target price on shares of Corsair Gaming from $19.00 to $21.00 in a report on Thursday. Robert W. Baird increased their price target on Corsair Gaming from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Wedbush cut Corsair Gaming from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Monday, February 6th. Finally, Stifel Nicolaus increased their target price on Corsair Gaming from $18.00 to $19.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Corsair Gaming has an average rating of “Hold” and an average price target of $18.50.
Insider Transactions at Corsair Gaming
In related news, COO Thi L. La sold 5,000 shares of Corsair Gaming stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $18.14, for a total transaction of $90,700.00. Following the sale, the chief operating officer now directly owns 231,840 shares of the company’s stock, valued at approximately $4,205,577.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 61.01% of the company’s stock.
Corsair Gaming Trading Up 8.8 %
Shares of CRSR stock opened at $19.04 on Friday. Corsair Gaming, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $19.82. The stock’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $16.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.82. The company has a market cap of $1.94 billion, a PE ratio of -29.75 and a beta of 1.84.
Corsair Gaming (NASDAQ:CRSR – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Corsair Gaming had a positive return on equity of 0.04% and a negative net margin of 4.85%. The business had revenue of $398.73 million for the quarter, compared to analyst estimates of $376.54 million. Equities analysts predict that Corsair Gaming, Inc. will post 0.41 EPS for the current fiscal year.
Corsair Gaming Company Profile
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.
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