Principal Financial Group Inc. Purchases 7,351 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Principal Financial Group Inc. boosted its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,742 shares of the company’s stock after acquiring an additional 7,351 shares during the period. Principal Financial Group Inc. owned 0.21% of Corsair Gaming worth $1,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRSR. Quest Partners LLC bought a new stake in Corsair Gaming during the 3rd quarter worth approximately $462,000. Intech Investment Management LLC bought a new stake in shares of Corsair Gaming during the third quarter valued at approximately $77,000. Landscape Capital Management L.L.C. raised its position in shares of Corsair Gaming by 51.3% during the third quarter. Landscape Capital Management L.L.C. now owns 129,306 shares of the company’s stock valued at $900,000 after buying an additional 43,837 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after buying an additional 1,857,532 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Corsair Gaming during the third quarter valued at approximately $239,000. Institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRSR. Barclays lifted their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird lifted their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. TD Cowen cut their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group cut their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.14.

Corsair Gaming Stock Up 4.0 %

NASDAQ CRSR opened at $11.46 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $9.39 and a two-hundred day moving average of $7.71. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -12.06 and a beta of 1.60. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting 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%. On average, analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share 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.