Corsair Gaming, Inc. (NASDAQ:CRSR) Short Interest Down 5.2% in November

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,260,000 shares, a decrease of 5.2% from the November 15th total of 3,440,000 shares. Based on an average daily trading volume, of 481,500 shares, the short-interest ratio is currently 6.8 days. Approximately 7.3% of the company's stock are sold short.

Institutional Investors Weigh In On Corsair Gaming

Several hedge funds and other institutional investors have recently made changes to their positions in CRSR. Massachusetts Financial Services Co. MA grew its position in Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock valued at $28,104,000 after buying an additional 1,857,532 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Corsair Gaming during the 3rd quarter valued at $1,094,000. Main Management ETF Advisors LLC bought a new stake in shares of Corsair Gaming during the 3rd quarter valued at $735,000. Creative Planning increased its stake in shares of Corsair Gaming by 579.2% in the 3rd quarter. Creative Planning now owns 82,182 shares of the company's stock worth $572,000 after purchasing an additional 70,083 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Corsair Gaming in the 3rd quarter worth $462,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Performance

Corsair Gaming stock traded down $0.09 during mid-day trading on Tuesday, reaching $7.04. 441,897 shares of the stock traded hands, compared to its average volume of 455,151. The stock has a market capitalization of $737.09 million, a PE ratio of -7.92 and a beta of 1.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The business's 50-day moving average is $7.02 and its 200-day moving average is $7.87. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $14.99.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and set a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their target price on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Barclays lowered their price target on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Robert W. Baird reduced their price objective on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. Finally, TD Cowen lowered their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. Three equities research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.14.

About Corsair Gaming

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.