California State Teachers Retirement System Buys 1,979 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

California State Teachers Retirement System boosted its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,560 shares of the company’s stock after purchasing an additional 1,979 shares during the period. California State Teachers Retirement System’s holdings in Corsair Gaming were worth $928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Corsair Gaming by 4.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,166 shares of the company’s stock valued at $192,000 after buying an additional 624 shares during the period. State of Alaska Department of Revenue boosted its position in Corsair Gaming by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 27,537 shares of the company’s stock worth $505,000 after purchasing an additional 801 shares during the last quarter. LPL Financial LLC grew its stake in shares of Corsair Gaming by 4.1% during the 2nd quarter. LPL Financial LLC now owns 21,415 shares of the company’s stock valued at $281,000 after purchasing an additional 839 shares during the period. Arizona State Retirement System increased its position in shares of Corsair Gaming by 8.5% during the 1st quarter. Arizona State Retirement System now owns 11,726 shares of the company’s stock valued at $215,000 after purchasing an additional 914 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Corsair Gaming by 9.7% in the 1st quarter. Centaurus Financial Inc. now owns 11,707 shares of the company’s stock worth $248,000 after purchasing an additional 1,039 shares during the period. Hedge funds and other institutional investors own 24.20% of the company’s stock.

Corsair Gaming Trading Up 1.5 %

Shares of Corsair Gaming stock opened at $15.96 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.23 and a current ratio of 1.81. The company has a fifty day moving average of $16.68 and a 200 day moving average of $17.47. The company has a market capitalization of $1.64 billion, a P/E ratio of 532.00 and a beta of 1.70. Corsair Gaming, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $20.72.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $325.43 million during the quarter, compared to the consensus estimate of $317.39 million. Corsair Gaming had a positive return on equity of 4.66% and a negative net margin of 0.22%. On average, sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Corsair Gaming from $18.00 to $19.00 in a report on Thursday, May 11th. Barclays lifted their target price on Corsair Gaming from $19.00 to $21.00 in a research report on Thursday, May 11th. Wedbush upgraded Corsair Gaming from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $17.50 to $21.00 in a research report on Monday, July 31st. Finally, Credit Suisse Group raised their price objective on Corsair Gaming from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Corsair Gaming presently has an average rating of “Hold” and a consensus target price of $19.33.

Insiders Place Their Bets

In other news, COO Thi L. La sold 4,387 shares of Corsair Gaming stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $17.69, for a total transaction of $77,606.03. Following the sale, the chief operating officer now owns 222,350 shares in the company, valued at $3,933,371.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 65.23% of the stock is currently owned by corporate insiders.

About Corsair Gaming

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. It 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.