Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 133.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 70,109 shares of the company’s stock after acquiring an additional 40,015 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corsair Gaming were worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after purchasing an additional 1,971 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Corsair Gaming by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after purchasing an additional 2,756 shares in the last quarter. Barclays PLC lifted its stake in shares of Corsair Gaming by 257.3% in the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock valued at $549,000 after purchasing an additional 56,841 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Corsair Gaming in the 3rd quarter valued at about $108,000. Finally, Main Management ETF Advisors LLC acquired a new position in shares of Corsair Gaming in the 3rd quarter valued at about $735,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

CRSR stock opened at $12.53 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $13.53. The stock’s 50 day moving average is $8.52 and its two-hundred day moving average is $7.38. The company has a market capitalization of $1.31 billion, a PE ratio of -13.19 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data 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 return on equity of 4.62% and a negative net margin of 7.53%. Analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRSR. Macquarie reduced their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and set a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. 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. TD Cowen reduced their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Barclays boosted their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Corsair Gaming currently has an average rating of “Moderate Buy” and a consensus price target 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.