ProShare Advisors LLC Purchases Shares of 13,476 Corsair Gaming, Inc. (NASDAQ:CRSR)

ProShare Advisors LLC purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,476 shares of the company’s stock, valued at approximately $89,000.

Several other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new stake in shares of Corsair Gaming during the 4th quarter worth $1,503,000. New York State Common Retirement Fund lifted its holdings in shares of Corsair Gaming by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after acquiring an additional 212,792 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Corsair Gaming by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after acquiring an additional 148,674 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Corsair Gaming during the 4th quarter worth $912,000. Finally, Invesco Ltd. lifted its holdings in shares of Corsair Gaming by 28.4% during the 4th quarter. Invesco Ltd. now owns 578,749 shares of the company’s stock worth $3,826,000 after acquiring an additional 127,948 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Stock Performance

Shares of NASDAQ CRSR opened at $9.11 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The firm has a fifty day moving average price of $7.56 and a 200-day moving average price of $8.43. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The stock has a market cap of $964.03 million, a PE ratio of -9.59 and a beta of 1.70.

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

Analysts Set New Price Targets

CRSR has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Corsair Gaming from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Wedbush reiterated an “outperform” rating and issued a $13.00 target price on shares of Corsair Gaming in a research report on Monday, May 5th. Finally, Barclays decreased their target price on shares of Corsair Gaming from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Corsair Gaming has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Insider Buying and Selling

In other 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 completion of the sale, the chief financial officer now owns 125,650 shares in the company, valued at approximately $1,266,552. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.89% of the stock is owned by corporate 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.