Deutsche Bank AG Boosts Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Deutsche Bank AG grew its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 105.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,540 shares of the company’s stock after purchasing an additional 17,229 shares during the period. Deutsche Bank AG’s holdings in Corsair Gaming were worth $222,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. grew its position in shares of Corsair Gaming by 133.0% during the fourth quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company’s stock worth $463,000 after buying an additional 40,015 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Corsair Gaming by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after buying an additional 148,674 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Corsair Gaming during the fourth quarter worth approximately $912,000. Invesco Ltd. grew its position in shares of Corsair Gaming by 28.4% during the fourth quarter. Invesco Ltd. now owns 578,749 shares of the company’s stock worth $3,826,000 after buying an additional 127,948 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Corsair Gaming by 1,051.0% during the fourth quarter. Intech Investment Management LLC now owns 127,647 shares of the company’s stock worth $844,000 after buying an additional 116,557 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 opened at $8.99 on Tuesday. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a market cap of $951.33 million, a price-to-earnings ratio of -9.46 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. The firm has a fifty day moving average of $7.57 and a 200-day moving average of $8.43.

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

Insider Activity at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the sale, the chief financial officer now directly owns 125,650 shares in the company, valued at approximately $1,266,552. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 58.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CRSR shares. Wedbush reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of Corsair Gaming in a report on Monday, May 5th. Robert W. Baird set a $10.00 price objective on shares of Corsair Gaming in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Corsair Gaming from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Barclays decreased their price objective on shares of Corsair Gaming from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.00.

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.