10,119 Shares in Corsair Gaming, Inc. (NASDAQ:CRSR) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,119 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Corsair Gaming by 257.3% in the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock valued at $549,000 after acquiring an additional 56,841 shares in the last quarter. Vontobel Holding Ltd. boosted its position 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 last quarter. Main Management ETF Advisors LLC bought a new position in Corsair Gaming in the third quarter valued at approximately $735,000. Jacobs Levy Equity Management Inc. bought 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 position in shares of Corsair Gaming by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after purchasing an additional 212,792 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Barclays upped their target price 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. Finally, Robert W. Baird upped their target price on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Corsair Gaming presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.14.

Corsair Gaming Stock Up 1.3 %

Shares of CRSR stock opened at $10.07 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. The firm’s 50-day moving average is $10.21 and its 200-day moving average is $8.04. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -10.60 and a beta of 1.60. Corsair Gaming, Inc. has a 52-week low of $5.60 and a 52-week high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Insider Buying and Selling at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,266,552. This represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 58.89% of the company’s stock.

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.