Vontobel Holding Ltd. Buys 1,612 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Vontobel Holding Ltd. raised its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,897 shares of the company’s stock after purchasing an additional 1,612 shares during the period. Vontobel Holding Ltd.’s holdings in Corsair Gaming were worth $365,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Corsair Gaming by 2.8% during the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock valued at $78,884,000 after purchasing an additional 149,947 shares during the period. SG Americas Securities LLC bought a new stake in Corsair Gaming during the fourth quarter valued at about $177,000. Mirabella Financial Services LLP purchased a new position in shares of Corsair Gaming in the third quarter valued at about $1,421,000. Swiss National Bank lifted its position in shares of Corsair Gaming by 1.5% in the third quarter. Swiss National Bank now owns 100,900 shares of the company’s stock valued at $1,466,000 after acquiring an additional 1,500 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Corsair Gaming in the third quarter valued at about $840,000. Institutional investors own 25.66% of the company’s stock.

Analysts Set New Price Targets

CRSR has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and issued a $21.00 price objective on shares of Corsair Gaming in a research report on Wednesday, February 7th. Barclays lowered their price objective on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Stifel Nicolaus lowered 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 report on Wednesday, February 14th. Finally, Robert W. Baird lowered their price objective on Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

Corsair Gaming Price Performance

NASDAQ:CRSR opened at $11.01 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.14 billion, a P/E ratio of 367.12 and a beta of 1.61. Corsair Gaming, Inc. has a 12 month low of $10.59 and a 12 month high of $20.72. The business’s 50-day moving average is $12.30 and its 200 day moving average is $12.97.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Tuesday, February 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $417.29 million during 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%. On average, equities research analysts forecast that Corsair Gaming, Inc. will post 0.43 earnings per share for the current fiscal 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.