Vontobel Holding Ltd. Raises Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Vontobel Holding Ltd. increased its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 133.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,109 shares of the company’s stock after acquiring an additional 40,015 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.07% of Corsair Gaming worth $463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRSR. FMR LLC grew its holdings in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after buying an additional 2,291 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Corsair Gaming during the third quarter worth approximately $77,000. Glenmede Trust Co. NA purchased a new position in Corsair Gaming in the third quarter valued at approximately $97,000. Finally, SG Americas Securities LLC purchased a new position in Corsair Gaming in the third quarter valued at approximately $101,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Up 0.2 %

Shares of NASDAQ:CRSR opened at $12.53 on Friday. The stock’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $7.38. 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, Inc. has a 12-month low of $5.59 and a 12-month high of $13.53. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -13.19 and a beta of 1.68.

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

Analyst Ratings Changes

Several research firms have recently weighed in on CRSR. The Goldman Sachs Group decreased their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Macquarie dropped their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. 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. TD Cowen dropped their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Corsair Gaming currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.14.

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.