Corsair Gaming, Inc. (NASDAQ:CRSR - Get Rating) CFO Michael G. Potter sold 3,585 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $13.88, for a total value of $49,759.80. Following the transaction, the chief financial officer now directly owns 30,665 shares of the company's stock, valued at $425,630.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Corsair Gaming Trading Up 4.0 %
Shares of NASDAQ:CRSR traded up $0.55 during trading on Wednesday, hitting $14.27. The company had a trading volume of 413,674 shares, compared to its average volume of 409,612. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -27.98 and a beta of 1.88. Corsair Gaming, Inc. has a one year low of $10.96 and a one year high of $23.98. The company has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $14.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.59 and a quick ratio of 0.82.
Corsair Gaming (NASDAQ:CRSR - Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $311.77 million during the quarter, compared to analyst estimates of $298.84 million. Corsair Gaming had a positive return on equity of 2.89% and a negative net margin of 3.28%. As a group, equities analysts forecast that Corsair Gaming, Inc. will post -0.03 earnings per share for the current year.
Institutional Investors Weigh In On Corsair Gaming
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Corsair Gaming by 429.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company's stock valued at $32,000 after purchasing an additional 1,224 shares during the last quarter. KBC Group NV purchased a new stake in shares of Corsair Gaming in the second quarter worth approximately $37,000. Captrust Financial Advisors raised its holdings in shares of Corsair Gaming by 1,179.2% in the second quarter. Captrust Financial Advisors now owns 5,104 shares of the company's stock worth $67,000 after buying an additional 4,705 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Corsair Gaming by 17.8% in the second quarter. Mutual of America Capital Management LLC now owns 5,607 shares of the company's stock worth $74,000 after buying an additional 849 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Corsair Gaming by 167.7% in the third quarter. Royal Bank of Canada now owns 7,472 shares of the company's stock worth $84,000 after buying an additional 4,681 shares during the period. 81.55% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CRSR. Credit Suisse Group dropped their price target on Corsair Gaming from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, November 4th. Wedbush reissued an "outperform" rating on shares of Corsair Gaming in a research note on Wednesday, October 26th.
About Corsair Gaming
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.
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