GAMMA Investing LLC Increases Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

GAMMA Investing LLC grew its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 76.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,874 shares of the company’s stock after acquiring an additional 5,158 shares during the quarter. GAMMA Investing LLC’s holdings in Corsair Gaming were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Corsair Gaming in the 4th quarter valued at $91,000. PharVision Advisers LLC purchased a new position in Corsair Gaming during the 4th quarter worth $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Corsair Gaming by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,263 shares of the company’s stock worth $365,000 after buying an additional 8,545 shares during the last quarter. Squarepoint Ops LLC grew its stake in Corsair Gaming by 324.6% during the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company’s stock worth $418,000 after buying an additional 48,332 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Corsair Gaming during the 4th quarter worth $202,000. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays dropped 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, May 8th. Robert W. Baird set a $10.00 target price on Corsair Gaming in a research note on Wednesday, May 7th. Wedbush restated an “outperform” rating and set a $13.00 target price on shares of Corsair Gaming in a research note on Monday, May 5th. The Goldman Sachs Group dropped their target price on Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded Corsair Gaming from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Corsair Gaming presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Corsair Gaming Stock Down 1.3%

Corsair Gaming stock opened at $9.60 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.52. The business’s 50-day simple moving average is $8.68 and its two-hundred day simple moving average is $8.77. The company has a market cap of $1.02 billion, a PE ratio of -10.32 and a beta of 1.77. Corsair Gaming, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $369.75 million for the quarter, compared to analysts’ expectations of $366.20 million. Corsair Gaming had a negative net margin of 7.20% and a negative return on equity of 4.65%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Equities analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

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.