SG Americas Securities LLC Takes Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

SG Americas Securities LLC bought a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,521 shares of the company’s stock, valued at approximately $177,000.

Several other institutional investors also recently modified their holdings of CRSR. BlackRock Inc. grew its holdings in shares of Corsair Gaming by 156.5% in the first quarter. BlackRock Inc. now owns 4,717,854 shares of the company’s stock valued at $99,829,000 after acquiring an additional 2,878,715 shares in the last quarter. FMR LLC grew its holdings in shares of Corsair Gaming by 95,492.2% in the first quarter. FMR LLC now owns 792,459 shares of the company’s stock valued at $14,542,000 after acquiring an additional 791,630 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Corsair Gaming by 21.1% in the first quarter. Vanguard Group Inc. now owns 3,977,924 shares of the company’s stock valued at $84,173,000 after acquiring an additional 692,493 shares in the last quarter. State Street Corp lifted its stake in Corsair Gaming by 98.2% in the first quarter. State Street Corp now owns 994,077 shares of the company’s stock valued at $21,035,000 after purchasing an additional 492,651 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Corsair Gaming by 2,100.1% in the first quarter. Dimensional Fund Advisors LP now owns 494,503 shares of the company’s stock valued at $9,074,000 after purchasing an additional 472,027 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRSR. Wedbush reiterated an “outperform” rating and issued a $21.00 price objective on shares of Corsair Gaming in a research note on Wednesday, February 7th. Stifel Nicolaus dropped their price objective on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating on the stock in a research note on Wednesday, February 14th. Barclays dropped their price objective on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Robert W. Baird dropped their price objective on Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

Corsair Gaming Trading Down 2.9 %

NASDAQ:CRSR opened at $11.54 on Monday. The company has a market cap of $1.19 billion, a P/E ratio of 384.79 and a beta of 1.61. The stock’s fifty day moving average price is $12.58 and its two-hundred day moving average price is $13.14. Corsair Gaming, Inc. has a 1 year low of $11.45 and a 1 year high of $20.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.13.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Tuesday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $417.29 million for the quarter, compared to analysts’ expectations of $435.57 million. Corsair Gaming had a return on equity of 5.13% and a net margin of 0.15%. As a group, analysts expect that Corsair Gaming, Inc. will post 0.43 EPS for the current year.

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.