Landscape Capital Management L.L.C. Increases Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Landscape Capital Management L.L.C. increased its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 11.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 144,068 shares of the company’s stock after buying an additional 14,762 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Corsair Gaming were worth $952,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Corsair Gaming by 220.1% in the 4th 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 during the period. GAMMA Investing LLC lifted its stake in Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after purchasing an additional 1,971 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Corsair Gaming during the fourth quarter valued at $50,000. Finally, Magnetar Financial LLC purchased a new stake in Corsair Gaming in the fourth quarter worth $67,000. Institutional investors own 25.66% of the company’s stock.

Insider Transactions at Corsair Gaming

In related news, CFO Michael G. Potter sold 4,124 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, the chief financial officer now directly owns 125,650 shares of the company’s stock, valued at approximately $1,266,552. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 58.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Robert W. Baird increased their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.14.

Corsair Gaming Trading Down 8.3 %

Shares of CRSR opened at $6.76 on Friday. Corsair Gaming, Inc. has a twelve month low of $5.60 and a twelve month high of $13.02. The stock has a market cap of $708.82 million, a PE ratio of -7.12 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $10.32 and its 200-day moving average price is $8.22.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data 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, equities analysts forecast that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Corsair Gaming 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.