Corsair Gaming, Inc. (NASDAQ:CRSR) Short Interest Down 6.3% in February

Corsair Gaming, Inc. (NASDAQ:CRSR – Get Rating) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,420,000 shares, a drop of 6.3% from the February 13th total of 3,650,000 shares. Based on an average daily volume of 493,000 shares, the short-interest ratio is presently 6.9 days. Currently, 8.4% of the company’s shares are sold short.

Corsair Gaming Stock Up 1.1 %

Shares of NASDAQ:CRSR opened at $16.14 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $14.93. The firm has a market cap of $1.64 billion, a PE ratio of -25.22 and a beta of 1.85. Corsair Gaming has a 12-month low of $10.96 and a 12-month high of $22.91.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRSR shares. Wedbush cut shares of Corsair Gaming from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research report on Monday, February 6th. Barclays lifted their price target on shares of Corsair Gaming from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, February 10th. Finally, Robert W. Baird lifted their price target on shares of Corsair Gaming from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, February 13th.

Insiders Place Their Bets

In related news, COO Thi L. La sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $14.00, for a total value of $70,000.00. Following the sale, the chief operating officer now directly owns 196,543 shares of the company’s stock, valued at $2,751,602. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Thi L. La sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $14.00, for a total value of $70,000.00. Following the sale, the chief operating officer now directly owns 196,543 shares of the company’s stock, valued at $2,751,602. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael G. Potter sold 3,585 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $13.88, for a total transaction of $49,759.80. Following the completion of the sale, the chief financial officer now directly owns 30,665 shares in the company, valued at $425,630.20. The disclosure for this sale can be found here. 61.01% of the stock is owned by corporate insiders.

Institutional Trading of Corsair Gaming

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Corsair Gaming by 429.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock worth $32,000 after buying an additional 1,224 shares during the last quarter. Captrust Financial Advisors increased its stake 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 last quarter. Sandia Investment Management LP bought a new stake in shares of Corsair Gaming in the fourth quarter worth $68,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Corsair Gaming by 65.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,270 shares of the company’s stock worth $72,000 after buying an additional 2,093 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake 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 last quarter. Institutional investors own 81.55% of the company’s stock.

Corsair Gaming Company Profile

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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.