Saturday, June 25, 2022

Taking a Closer Look At Corsair Gaming Inc. (CRSR) Following Its Recent Trade

In a filing, Corsair Gaming Inc. revealed its Director Szteinbaum Samuel R. acquired Company’s shares for reported $1.14 million on May 11. In the deal valued at $14.29 per share,80,000 shares were bought. As a result of this transaction, Szteinbaum Samuel R. now holds 237,269 shares worth roughly $ 3.28 million.


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Then, Potter Michael G sold 7,500 shares, generating $247,329 in total proceeds. Upon selling the shares at $32.98, the Chief Financial Officer now owns 0 shares.

Taking this into account, Wedbush reiterated its Corsair Gaming Inc. [CRSR] rating to an Outperform in a research note published on Tuesday, February 09, 2022; the price target was $28. PT values the company’s stock at a premium of 50.64 to its Tuesday closing price. A number of analysts have revised their coverage, including Macquarie’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Credit Suisse also remained covering CRSR and reiterated its “Neutral” recommendation on February 09, 2022. Barclays maintained its rating on February 09, 2022. It rated CRSR as “an Overweight”.

Price Performance Review of CRSR

On Tuesday, Corsair Gaming Inc. [NASDAQ:CRSR] saw its stock fall -0.14% to $13.82. On the same session, the stock had its day’s lowest price of $13.73, but rose to a high of $14.50. Over the last five days, the stock has lost -2.12%. Corsair Gaming Inc. shares have fallen nearly -34.22% since the year began. Nevertheless, the stocks have fallen -56.69% over the past one year. While a 52-week high of $34.37 was reached on 02/16/22, a 52-week low of $13.04 was recorded on 05/12/22. SMA at 50 days reached $16.14, while 200 days put it at $21.37. A total of 0.5 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For CRSR Stock

The 24-hour chart illustrates a support level at 13.53, which if violated will result in even more drops to 13.25. On the upside, there is a resistance level at 14.30. A further resistance level may holdings at 14.79. The Relative Strength Index (RSI) on the 14-day chart is 36.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.31%. Stochastics %K at 13.09% indicates the stock is a buying.

Corsair Gaming Inc. [CRSR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,486,897 shares, or roughly 4.70% of the outstanding CRSR shares. In other words, the investor’s shares have risen by 2,815,657 from its previous 13-F filing of 1671240.0. Additionally, The Vanguard Group, Inc. increased 21.73% of its stake after which the total value it holdings stand at $62,725,470. Over the last quarter, SSgA Funds Management, Inc. purchased 492,651 shares of Corsair Gaming Inc., while Goldman Sachs & Co. LLC bought 131,043 shares. At present, Geode Capital Management LLC is holding 535,428 shares valued at $8.59 million. Palisade Capital Management LLC owned 475,593 shares of the company at the time of its most recent 13F filing, worth $7.63 million.

According to FactSet, Corsair Gaming Inc.’s share price will average $21.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 51.73 percent from its previous closing price of $13.84. Analysts expect Corsair Gaming Inc. stock to reach the higher price of $28.00, while the lowest price estimate is $15.00. However, 9 analysts have rated CRSR stock as an Overweight in their predictions for 2022.

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