Victory Capital Management Inc. Makes New $325,000 Investment in Corsair Gaming, Inc. (NASDAQ:CRSR)

Victory Capital Administration Inc. purchased a brand new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Get Rating) in the course of the first quarter, HoldingsChannel reviews. The institutional investor purchased 21,512 shares of the corporate’s inventory, valued at roughly $325,000.

A number of different hedge funds additionally not too long ago modified their holdings of the enterprise. Allspring World Investments Holdings LLC acquired a brand new place in Corsair Gaming within the fourth quarter valued at roughly $224,000. Advisor Group Holdings Inc. boosted its place in shares of Corsair Gaming by 26.9% within the 4th quarter. Advisor Group Holdings Inc. now owns 5,277 shares of the corporate’s inventory price $109,000 after buying an extra 1,120 shares over the past quarter. Envestnet Asset Administration Inc. acquired a brand new stake in shares of Corsair Gaming in the course of the fourth quarter price $207,000. Northern Belief Corp elevated its holdings in Corsair Gaming by 2.7% within the fourth quarter. Northern Belief Corp now owns 289,495 shares of the corporate’s inventory valued at $6,082,000 after buying an extra 7,635 shares over the past quarter. Lastly, First Belief Advisors LP acquired a brand new place in Corsair Gaming within the fourth quarter valued at about $1,303,000. Institutional traders personal 14.77% of the corporate’s inventory.

Wall Road Analysts Forecast Development

A number of analysis companies have not too long ago issued reviews on CRSR. Wedbush restated an “outperform” ranking and set a $22.00 goal value on shares of Corsair Gaming in a analysis report on Friday, Might sixth. DA Davidson decreased their value goal on shares of Corsair Gaming to $20.00 in a report on Tuesday, August ninth. Lastly, Cowen reduce their goal value on shares of Corsair Gaming to $17.00 in a report on Tuesday, August ninth. Three equities analysis analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the inventory. Based on MarketBeat.com, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $25.22.

Corsair Gaming Inventory Efficiency

Shares of Corsair Gaming stock opened at $15.91 on Monday. The corporate has a debt-to-equity ratio of 0.45, a present ratio of 1.56 and a fast ratio of 0.74. The agency has a market cap of $1.52 billion, a price-to-earnings ratio of -39.77 and a beta of 1.63. The inventory’s 50-day transferring common is $14.44 and its 200-day transferring common is $17.34. Corsair Gaming, Inc. has a one yr low of $12.23 and a one yr excessive of $30.77.

Corsair Gaming (NASDAQ:CRSR – Get Rating) final launched its earnings outcomes on Thursday, August 4th. The corporate reported ($0.20) EPS for the quarter, lacking the consensus estimate of $0.04 by ($0.24). The agency had income of $283.90 million in the course of the quarter, in comparison with the consensus estimate of $274.81 million. Corsair Gaming had a adverse web margin of two.43% and a constructive return on fairness of 4.42%. The corporate’s income was down 40.0% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the agency posted $0.33 EPS. Equities analysts predict that Corsair Gaming, Inc. will publish 0.13 earnings per share for the present fiscal yr.

About Corsair Gaming

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Corsair Gaming, Inc, along with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, parts and techniques within the Americas, Europe, the Center East, and the Asia Pacific. The corporate presents gamer and creator peripherals, together with gaming keyboards, mice, headsets, and controllers, in addition to seize playing cards, stream decks, USB microphones, studio equipment, and EpocCam software program.

Featured Tales

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