Landscape Capital Management L.L.C. Acquires 14,762 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Landscape Capital Management L.L.C. grew its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,068 shares of the company’s stock after acquiring an additional 14,762 shares during the quarter. Landscape Capital Management L.L.C. owned 0.14% of Corsair Gaming worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after purchasing an additional 3,414 shares in the last quarter. FMR LLC grew its stake in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after buying an additional 2,291 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Corsair Gaming during the fourth quarter worth $50,000. Finally, Magnetar Financial LLC bought a new position in shares of Corsair Gaming in the 4th quarter valued at $67,000. Institutional investors 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 the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 58.89% of the company’s stock.

Wall Street Analyst Weigh In

CRSR has been the topic of a number of research reports. Barclays boosted their price objective on Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Wedbush restated an “outperform” rating and set a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Finally, Robert W. Baird boosted 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Stock Down 8.3 %

Shares of NASDAQ:CRSR opened at $6.76 on Friday. Corsair Gaming, Inc. has a 52-week low of $5.60 and a 52-week high of $13.02. The business’s 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $8.22. 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 has a market cap of $708.82 million, a P/E ratio of -7.12 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last announced 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%. As a group, research analysts forecast that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

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.