Charles Schwab Investment Management Inc. Has $2.63 Million Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Charles Schwab Investment Management Inc. grew its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,801 shares of the company’s stock after purchasing an additional 15,067 shares during the period. Charles Schwab Investment Management Inc. owned about 0.38% of Corsair Gaming worth $2,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in Corsair Gaming during the third quarter valued at approximately $77,000. Quantbot Technologies LP bought a new position in shares of Corsair Gaming during the 3rd quarter valued at $239,000. FMR LLC lifted its stake in shares of Corsair Gaming by 89.0% in 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 during the last quarter. Glenmede Trust Co. NA bought a new stake in Corsair Gaming in the third quarter worth $97,000. Finally, Verition Fund Management LLC acquired a new position in Corsair Gaming during the third quarter worth $247,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRSR. Robert W. Baird boosted their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating and set a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four 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 target price of $10.14.

Insider Transactions at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value 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. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 58.89% of the company’s stock.

Corsair Gaming Stock Down 2.9 %

Shares of CRSR opened at $9.67 on Friday. 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 company has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $8.12. Corsair Gaming, Inc. has a 52 week low of $5.60 and a 52 week high of $13.02. The firm has a market capitalization of $1.01 billion, a P/E ratio of -10.18 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting 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%. On average, equities research analysts expect that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

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.