Dimensional Fund Advisors LP Has $12.88 Million Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Dimensional Fund Advisors LP grew its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,948,060 shares of the company’s stock after buying an additional 4,483 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.86% of Corsair Gaming worth $12,877,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in Corsair Gaming by 257.3% in the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock worth $549,000 after purchasing an additional 56,841 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Corsair Gaming by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock worth $274,000 after buying an additional 2,756 shares during the period. GAMMA Investing LLC grew its holdings in shares of Corsair Gaming by 41.5% during the fourth 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. Vontobel Holding Ltd. raised its position in Corsair Gaming by 133.0% during the fourth quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company’s stock valued at $463,000 after buying an additional 40,015 shares during the period. Finally, Principal Financial Group Inc. lifted 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 acquiring an additional 7,351 shares in the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Performance

Shares of CRSR opened at $7.55 on Friday. The firm has a market cap of $798.93 million, a price-to-earnings ratio of -7.95 and a beta of 1.70. The company’s fifty day moving average is $8.16 and its 200-day moving average is $8.19. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming, Inc. has a 12 month low of $5.60 and a 12 month high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $369.75 million for the quarter, compared to analyst estimates of $366.20 million. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Equities analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRSR has been the topic of several research analyst reports. Barclays lowered their target price on Corsair Gaming from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday. Wedbush reiterated an “outperform” rating and issued a $13.00 price objective on shares of Corsair Gaming in a research note on Monday, May 5th. Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price target on shares of Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Corsair Gaming currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

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 $1,266,552. This trade represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 58.89% of the stock is owned by company insiders.

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.