Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSRFree Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,955 shares of the company’s stock after buying an additional 36,714 shares during the period. Principal Financial Group Inc. owned about 0.25% of Corsair Gaming worth $3,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Corsair Gaming during the fourth quarter worth approximately $177,000. Louisiana State Employees Retirement System acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at $305,000. Capstone Investment Advisors LLC acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at $352,000. Vontobel Holding Ltd. lifted its position in shares of Corsair Gaming by 6.6% during the 4th quarter. Vontobel Holding Ltd. now owns 25,897 shares of the company’s stock worth $365,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Corsair Gaming by 8.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 25,931 shares of the company’s stock worth $366,000 after purchasing an additional 1,931 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

CRSR stock opened at $10.07 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.25. Corsair Gaming, Inc. has a 12-month low of $10.05 and a 12-month high of $18.83. The firm has a 50 day moving average of $11.18 and a 200-day moving average of $12.25.

Corsair Gaming (NASDAQ:CRSRGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Corsair Gaming had a negative net margin of 0.58% and a positive return on equity of 4.70%. The business had revenue of $337.26 million during the quarter, compared to analysts’ expectations of $364.15 million. As a group, research analysts expect that Corsair Gaming, Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and set a $18.00 price target on shares of Corsair Gaming in a report on Wednesday, May 8th. Three 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.83.

View Our Latest Research Report on CRSR

Corsair Gaming Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Corsair Gaming (NASDAQ:CRSR)

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