Virtu Financial LLC Takes $130,000 Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Virtu Financial LLC bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the fourth quarter, Holdings Channel.com reports. The fund bought 19,603 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Corsair Gaming by 257.3% during the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock worth $549,000 after buying an additional 56,841 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Corsair Gaming by 133.0% during the 4th quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company’s stock worth $463,000 after acquiring an additional 40,015 shares in the last quarter. Main Management ETF Advisors LLC purchased a new stake in Corsair Gaming during the third quarter worth approximately $735,000. Jacobs Levy Equity Management Inc. acquired a new position in Corsair Gaming in the third quarter valued at approximately $1,094,000. Finally, New York State Common Retirement Fund increased its stake in Corsair Gaming by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock valued at $4,884,000 after purchasing an additional 212,792 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Insider Transactions at Corsair Gaming

In related 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 transaction, the chief financial officer now directly owns 125,650 shares in the company, valued at $1,266,552. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 58.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRSR shares. Wedbush restated an “outperform” rating and issued a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Barclays upped their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, 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 report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.14.

Corsair Gaming Trading Down 5.8 %

NASDAQ CRSR opened at $9.11 on Monday. Corsair Gaming, Inc. has a one year low of $5.60 and a one year high of $13.02. The firm has a market cap of $955.23 million, a PE ratio of -9.59 and a beta of 1.60. The firm’s fifty day moving average is $10.39 and its two-hundred day moving average is $8.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Analysts expect that Corsair Gaming, Inc. will post 0.22 earnings per share 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.