Charles Schwab Investment Management Inc. Has $2.63 Million Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Charles Schwab Investment Management Inc. grew its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 397,801 shares of the company’s stock after buying an additional 15,067 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Corsair Gaming were worth $2,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Corsair Gaming in the fourth quarter valued at about $90,000. 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 during the last quarter. Principal Financial Group Inc. boosted its stake in Corsair Gaming by 3.5% during 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 during the last quarter. Vontobel Holding Ltd. grew its holdings 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 purchasing an additional 40,015 shares during the period. Finally, GAMMA Investing LLC increased its stake in Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after purchasing an additional 1,971 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRSR has been the subject of several research analyst reports. Barclays boosted their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Three investment 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 a consensus rating of “Moderate Buy” and an average price target of $10.14.

Corsair Gaming Stock Performance

CRSR opened at $9.67 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.18 and a beta of 1.60. The business’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $8.12. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92.

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

Insider Transactions at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of Corsair Gaming 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. The trade was a 3.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 58.89% of the stock is currently owned by 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.