Geode Capital Management LLC Buys 9,344 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Geode Capital Management LLC boosted its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069,122 shares of the company’s stock after purchasing an additional 9,344 shares during the quarter. Geode Capital Management LLC owned about 1.02% of Corsair Gaming worth $7,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRSR. GAMMA Investing LLC boosted its holdings in shares of Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after buying an additional 1,971 shares in the last quarter. FMR LLC boosted its holdings in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Corsair Gaming by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after acquiring an additional 2,756 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Corsair Gaming by 220.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after purchasing an additional 3,414 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock worth $1,446,000 after purchasing an additional 7,351 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $7.10 on Friday. Corsair Gaming, Inc. has a 52-week low of $5.60 and a 52-week high of $13.02. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The stock has a market cap of $744.47 million, a PE ratio of -7.47 and a beta of 1.68. The business has a 50-day simple moving average of $9.15 and a 200-day simple moving average of $8.16.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. On average, equities analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays upped their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Robert W. Baird raised their target price on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and an average price target of $10.14.

Insider Activity at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares in the company, valued at approximately $1,266,552. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.89% of the stock is owned by company insiders.

Corsair Gaming Profile

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.