Counterpoint Mutual Funds LLC Invests $339,000 in Corsair Gaming, Inc. (NASDAQ:CRSR)

Counterpoint Mutual Funds LLC acquired a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 51,281 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Corsair Gaming during the fourth quarter worth approximately $75,000. Amundi raised its holdings in Corsair Gaming by 233.3% during the fourth quarter. Amundi now owns 21,642 shares of the company’s stock worth $143,000 after purchasing an additional 15,149 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after purchasing an additional 3,414 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Corsair Gaming during the fourth quarter worth approximately $90,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Corsair Gaming by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,801 shares of the company’s stock worth $2,629,000 after purchasing an additional 15,067 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

NASDAQ CRSR opened at $10.30 on Tuesday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -10.84 and a beta of 1.60. Corsair Gaming, Inc. has a 1 year low of $5.60 and a 1 year high of $13.02. The business’s fifty day moving average is $10.01 and its two-hundred day moving average is $7.94. 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 (NASDAQ:CRSR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting 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%. On average, research analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRSR has been the topic of several recent analyst reports. Barclays boosted their target price on Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Wedbush reissued an “outperform” rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.