Jacobs Levy Equity Management Inc. Acquires New Stake in Corsair Gaming, Inc. (NASDAQ:CRSR)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,228 shares of the company's stock, valued at approximately $1,094,000. Jacobs Levy Equity Management Inc. owned about 0.15% of Corsair Gaming as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings 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 purchasing an additional 1,857,532 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Corsair Gaming by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,252,737 shares of the company's stock worth $13,830,000 after acquiring an additional 41,832 shares during the period. Renaissance Technologies LLC lifted its position in Corsair Gaming by 12.2% during the 2nd quarter. Renaissance Technologies LLC now owns 418,033 shares of the company's stock worth $4,615,000 after acquiring an additional 45,400 shares during the last quarter. Rhumbline Advisers boosted its holdings in Corsair Gaming by 11.6% during the second quarter. Rhumbline Advisers now owns 134,322 shares of the company's stock valued at $1,483,000 after acquiring an additional 13,940 shares during the period. Finally, Landscape Capital Management L.L.C. grew its holdings in Corsair Gaming by 51.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 129,306 shares of the company's stock valued at $900,000 after buying an additional 43,837 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRSR shares. Wedbush reaffirmed an "outperform" rating and issued a $11.00 target price on shares of Corsair Gaming in a research note on Tuesday, November 5th. Macquarie reduced their target price on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. TD Cowen cut their price target 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. Finally, Barclays decreased their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Three 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 stock has an average rating of "Moderate Buy" and a consensus price target of $9.14.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock traded up $0.66 during trading on Monday, reaching $8.14. 305,937 shares of the company's stock were exchanged, compared to its average volume of 454,554. The firm's 50-day moving average price is $6.94 and its 200 day moving average price is $8.03. The company has a market cap of $852.26 million, a P/E ratio of -9.06 and a beta of 1.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $15.07.

Corsair Gaming Company Profile

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.