Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Sells $41,569.92 in Stock

Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter sold 4,124 shares of the firm’s stock in a transaction on 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. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Corsair Gaming Trading Up 1.3 %

NASDAQ:CRSR traded up $0.13 on Friday, reaching $10.07. 1,459,790 shares of the stock traded hands, compared to its average volume of 613,002. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. Corsair Gaming, Inc. has a 1-year low of $5.60 and a 1-year high of $13.02. The company’s 50 day moving average is $10.16 and its 200-day moving average is $7.99. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -10.60 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Equities research analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 valued at $38,426,000 after purchasing an additional 148,674 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Corsair Gaming by 85.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after buying an additional 1,857,532 shares in the last quarter. State Street Corp grew its position in shares of Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after buying an additional 12,373 shares during the period. Geode Capital Management LLC grew its position in shares of Corsair Gaming by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company’s stock worth $7,069,000 after buying an additional 9,344 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock valued at $4,884,000 after acquiring an additional 212,792 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRSR has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Barclays lifted their target price on shares of Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird boosted their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.14.

Corsair Gaming Company 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.