Corsair Gaming (NASDAQ:CRSR) Director Acquires $659,000.00 in Stock

Corsair Gaming, Inc. (NASDAQ:CRSR) Director Samuel Szteinbaum bought 100,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $6.59 per share, with a total value of $659,000.00. Following the completion of the purchase, the director directly owned 420,267 shares of the company’s stock, valued at approximately $2,769,559.53. The trade was a 31.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Corsair Gaming Price Performance

Corsair Gaming stock opened at $6.55 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 1.48. Corsair Gaming, Inc. has a 52 week low of $5.64 and a 52 week high of $13.02. The stock has a market capitalization of $698.03 million, a P/E ratio of -19.26 and a beta of 1.84. The stock has a fifty day moving average of $8.13 and a 200-day moving average of $8.61.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRSR shares. Barclays reduced their price target on shares of Corsair Gaming from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Corsair Gaming in a research note on Wednesday, October 8th. Wedbush decreased their target price on shares of Corsair Gaming from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Craig Hallum set a $10.00 price target on shares of Corsair Gaming in a report on Wednesday, November 5th. Finally, B. Riley cut their price objective on Corsair Gaming from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Corsair Gaming has an average rating of “Hold” and a consensus target price of $9.29.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC raised its holdings in Corsair Gaming by 124.4% during the 1st quarter. Jump Financial LLC now owns 102,690 shares of the company’s stock worth $910,000 after purchasing an additional 56,921 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Corsair Gaming in the 1st quarter valued at $354,000. Goldman Sachs Group Inc. increased its position in shares of Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after buying an additional 204,351 shares during the period. Driehaus Capital Management LLC bought a new position in Corsair Gaming during the first quarter worth $7,772,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Corsair Gaming by 9.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 437,327 shares of the company’s stock worth $3,875,000 after buying an additional 39,526 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

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.