Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter Sells 10,000 Shares

Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $15.03, for a total value of $150,300.00. Following the sale, the chief financial officer now owns 51,575 shares of the company’s stock, valued at $775,172.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $14.92 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.23 and a current ratio of 1.81. Corsair Gaming, Inc. has a one year low of $10.96 and a one year high of $20.72. The company’s 50-day simple moving average is $16.22 and its 200-day simple moving average is $17.29. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 497.50 and a beta of 1.73.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Corsair Gaming had a positive return on equity of 4.66% and a negative net margin of 0.22%. The business had revenue of $325.43 million during the quarter, compared to the consensus estimate of $317.39 million. Equities analysts anticipate that Corsair Gaming, Inc. will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Credit Suisse Group raised their target price on Corsair Gaming from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Wedbush raised shares of Corsair Gaming from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $17.50 to $21.00 in a research report on Monday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.33.

Hedge Funds Weigh In On Corsair Gaming

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Corsair Gaming by 4.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,166 shares of the company’s stock worth $192,000 after acquiring an additional 624 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Corsair Gaming by 6.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,364 shares of the company’s stock valued at $201,000 after buying an additional 672 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Corsair Gaming by 3.0% during the first quarter. State of Alaska Department of Revenue now owns 27,537 shares of the company’s stock valued at $505,000 after buying an additional 801 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Corsair Gaming by 4.1% during the second quarter. LPL Financial LLC now owns 21,415 shares of the company’s stock valued at $281,000 after buying an additional 839 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Corsair Gaming by 8.5% during the first quarter. Arizona State Retirement System now owns 11,726 shares of the company’s stock valued at $215,000 after buying an additional 914 shares during the last quarter. Institutional investors own 24.20% of the company’s stock.

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. It 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.