Bank of New York Mellon Corp Has $7.81 Million Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Bank of New York Mellon Corp lowered its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,180,822 shares of the company's stock after selling 93,591 shares during the period. Bank of New York Mellon Corp owned about 1.13% of Corsair Gaming worth $7,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRSR. Massachusetts Financial Services Co. MA lifted its position in Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock valued at $28,104,000 after purchasing an additional 1,857,532 shares during the last quarter. State Street Corp raised its holdings in shares of Corsair Gaming by 0.8% during the third quarter. State Street Corp now owns 1,631,501 shares of the company's stock valued at $11,355,000 after buying an additional 12,373 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Corsair Gaming by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock worth $4,884,000 after buying an additional 212,792 shares during the period. Principal Financial Group Inc. boosted its position in shares of Corsair Gaming by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 218,742 shares of the company's stock worth $1,446,000 after buying an additional 7,351 shares during the period. Finally, Stifel Financial Corp grew its holdings in Corsair Gaming by 39.6% in the 3rd quarter. Stifel Financial Corp now owns 214,564 shares of the company's stock worth $1,493,000 after buying an additional 60,811 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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Corsair Gaming Stock Performance

CRSR traded up $0.33 during trading on Wednesday, reaching $10.35. 452,101 shares of the company's stock were exchanged, compared to its average volume of 606,402. Corsair Gaming, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $13.02. 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 has a 50 day moving average price of $10.05 and a 200 day moving average price of $7.96. The company has a market capitalization of $1.09 billion, a P/E ratio of -10.89 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. As a group, analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.