Amundi Boosts Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Amundi grew its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 233.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,642 shares of the company’s stock after purchasing an additional 15,149 shares during the quarter. Amundi’s holdings in Corsair Gaming were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CRSR. PNC Financial Services Group Inc. increased its holdings in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after purchasing an additional 3,414 shares in the last quarter. FMR LLC increased its holdings in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after purchasing an additional 2,291 shares in the last quarter. GAMMA Investing LLC increased its holdings in Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after acquiring an additional 1,971 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Corsair Gaming in the 3rd quarter worth $77,000. Finally, Proficio Capital Partners LLC purchased a new stake in Corsair Gaming in the 4th quarter worth $90,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Trading Up 1.3 %

Shares of CRSR opened at $10.07 on Friday. Corsair Gaming, Inc. has a 52-week low of $5.60 and a 52-week high of $13.02. 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 firm’s fifty day moving average is $10.21 and its two-hundred day moving average is $8.01. The stock has a market cap of $1.06 billion, a PE ratio of -10.60 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (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%. Research analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRSR. Barclays boosted their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Wedbush reissued an “outperform” rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, Robert W. Baird boosted their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and a consensus target price of $10.14.

Insiders Place Their Bets

In other 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 owns 125,650 shares of the company’s stock, valued at approximately $1,266,552. The trade was a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 58.89% of the stock is currently owned by corporate insiders.

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.