Vontobel Holding Ltd. Buys 1,612 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Vontobel Holding Ltd. increased its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,897 shares of the company’s stock after buying an additional 1,612 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corsair Gaming were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new stake in Corsair Gaming during the fourth quarter worth $305,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Corsair Gaming by 2.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,534 shares of the company’s stock worth $1,319,000 after buying an additional 2,464 shares in the last quarter. SG Americas Securities LLC bought a new stake in Corsair Gaming during the fourth quarter worth $177,000. Vanguard Group Inc. grew its holdings in Corsair Gaming by 2.8% during the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock worth $78,884,000 after buying an additional 149,947 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Corsair Gaming in the 3rd quarter valued at $840,000. Institutional investors own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

CRSR has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $21.00 price objective on shares of Corsair Gaming in a research note on Wednesday, February 7th. Stifel Nicolaus reduced their price objective on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research note on Wednesday, February 14th. Robert W. Baird reduced their price objective on Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Finally, Barclays reduced their price objective on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Corsair Gaming currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

Corsair Gaming Stock Up 0.5 %

Shares of NASDAQ CRSR opened at $11.01 on Wednesday. Corsair Gaming, Inc. has a one year low of $10.59 and a one year high of $20.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.13. The business’s fifty day moving average price is $12.30 and its 200-day moving average price is $12.97. The stock has a market capitalization of $1.14 billion, a PE ratio of 367.12 and a beta of 1.61.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. The firm had revenue of $417.29 million for the quarter, compared to analysts’ expectations of $435.57 million. On average, equities research analysts anticipate that Corsair Gaming, Inc. will post 0.43 EPS for the current year.

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.