AlphaQuest LLC Sells 46,058 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

AlphaQuest LLC lowered its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 69.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,380 shares of the company’s stock after selling 46,058 shares during the period. AlphaQuest LLC’s holdings in Corsair Gaming were worth $135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi boosted its holdings in Corsair Gaming by 233.3% in the fourth quarter. Amundi now owns 21,642 shares of the company’s stock worth $143,000 after acquiring an additional 15,149 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Corsair Gaming by 220.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after purchasing an additional 3,414 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Corsair Gaming in the fourth quarter valued at approximately $90,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Corsair Gaming by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,801 shares of the company’s stock valued at $2,629,000 after purchasing an additional 15,067 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of 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 in the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock opened at $10.30 on Tuesday. The business’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $7.94. The firm has a market capitalization of $1.08 billion, a P/E ratio of -10.84 and a beta of 1.60. Corsair Gaming, Inc. has a 12 month low of $5.60 and a 12 month high of $13.02. 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 (NASDAQ:CRSR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting 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%. As a group, analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRSR. Barclays raised their target price on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. 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. Finally, Robert W. Baird raised 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.14.

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.