Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,094 shares of the company’s stock after selling 2,841 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corsair Gaming were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Corsair Gaming in the second quarter worth about $121,000. Virtu Financial LLC purchased a new stake in shares of Corsair Gaming in the first quarter worth about $162,000. PEAK6 Investments LLC grew its holdings in Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after acquiring an additional 43,393 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Corsair Gaming during the third quarter valued at approximately $101,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CRSR shares. Robert W. Baird lowered their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Stifel Nicolaus dropped their price target on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Barclays decreased their price objective on shares of Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wedbush dropped their target price on Corsair Gaming from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price target on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.60.

Corsair Gaming Price Performance

NASDAQ:CRSR opened at $6.30 on Thursday. The stock has a 50 day moving average of $6.60 and a two-hundred day moving average of $9.02. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $15.07. The firm has a market cap of $654.61 million, a P/E ratio of -78.75 and a beta of 1.58. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $261.30 million for the quarter, compared to analysts’ expectations of $290.30 million. Corsair Gaming had a positive return on equity of 2.17% and a negative net margin of 2.83%. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, analysts expect that Corsair Gaming, Inc. will post 0.07 earnings per share 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.