Corsair Gaming, Inc. (NASDAQ:CRSR) Position Decreased by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC decreased its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,832 shares of the company’s stock after selling 8,704 shares during the period. Main Management ETF Advisors LLC’s holdings in Corsair Gaming were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CRSR. Barclays PLC boosted its position in shares of Corsair Gaming by 257.3% during 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. JPMorgan Chase & Co. boosted its holdings in shares of Corsair Gaming by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock worth $274,000 after buying an additional 2,756 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Corsair Gaming by 133.0% in the fourth quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company’s stock worth $463,000 after buying an additional 40,015 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Corsair Gaming by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock worth $1,446,000 after buying an additional 7,351 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Corsair Gaming by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after buying an additional 212,792 shares during the period. Institutional investors own 25.66% of the company’s stock.

Insider Activity

In other news, CFO Michael G. Potter sold 4,124 shares of Corsair Gaming 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 transaction, the chief financial officer now owns 125,650 shares of the company’s stock, valued at $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 this hyperlink. Insiders own 58.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRSR. The Goldman Sachs Group decreased their target price on shares of Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a report on Wednesday, May 7th. Barclays decreased their target price on shares of Corsair Gaming from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $13.00 target price on shares of Corsair Gaming in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Corsair Gaming presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Corsair Gaming Price Performance

Shares of CRSR opened at $8.74 on Thursday. The firm has a market cap of $924.88 million, a PE ratio of -9.20 and a beta of 1.70. The firm’s 50 day moving average price is $8.00 and its 200 day moving average price is $8.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. Corsair Gaming, Inc. has a twelve month low of $5.60 and a twelve month high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $369.75 million for the quarter, compared to the consensus estimate of $366.20 million. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Corsair Gaming’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. As a group, research analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Corsair Gaming Company 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.