Virtu Financial LLC Invests $130,000 in Corsair Gaming, Inc. (NASDAQ:CRSR)

Virtu Financial LLC acquired a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,603 shares of the company’s stock, valued at approximately $130,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after buying an additional 2,291 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Corsair Gaming by 220.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after acquiring an additional 3,414 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,971 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Corsair Gaming during the 4th quarter worth approximately $67,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Corsair Gaming in the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRSR. Wedbush reiterated an “outperform” rating and set a $12.00 price objective (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Robert W. Baird boosted their price target 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. Finally, Barclays upped their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.14.

Insider Transactions at Corsair Gaming

In other news, CFO Michael G. Potter sold 4,124 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the completion of the transaction, the chief financial officer now owns 125,650 shares of the company’s stock, valued at approximately $1,266,552. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 58.89% of the company’s stock.

Corsair Gaming Stock Down 5.8 %

Shares of CRSR opened at $9.11 on Monday. The company’s 50-day moving average price is $10.39 and its 200 day moving average price is $8.17. Corsair Gaming, Inc. has a 12-month low of $5.60 and a 12-month 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. The firm has a market cap of $955.23 million, a P/E ratio of -9.59 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, sell-side analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current 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.