Proficio Capital Partners LLC Acquires New Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Proficio Capital Partners LLC bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,590 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRSR. Massachusetts Financial Services Co. MA increased its position in shares of Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after purchasing an additional 1,857,532 shares during the last quarter. State Street Corp increased its stake in Corsair Gaming by 0.8% in the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock valued at $11,355,000 after buying an additional 12,373 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock valued at $4,884,000 after buying an additional 212,792 shares during the period. Principal Financial Group Inc. boosted its position in shares of Corsair Gaming by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock worth $1,446,000 after purchasing an additional 7,351 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Corsair Gaming by 39.6% during the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock worth $1,493,000 after buying an additional 60,811 shares during the period. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

Shares of NASDAQ:CRSR opened at $9.97 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -10.49 and a beta of 1.60. The business has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $7.88. Corsair Gaming, Inc. has a 1 year low of $5.59 and a 1 year high of $13.02. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. As a group, sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRSR has been the subject of several research reports. Robert W. Baird lifted their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Barclays increased their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Wedbush restated an “outperform” rating and issued a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Corsair Gaming currently has an average rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming 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.