105,536 Shares in Corsair Gaming, Inc. (NASDAQ:CRSR) Acquired by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC bought a new stake in 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 & Exchange Commission. The fund bought 105,536 shares of the company's stock, valued at approximately $735,000. Main Management ETF Advisors LLC owned 0.10% of Corsair Gaming at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CRSR. Price T Rowe Associates Inc. MD increased its holdings in shares of Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company's stock valued at $250,000 after purchasing an additional 1,348 shares during the period. Lebenthal Global Advisors LLC grew its holdings in Corsair Gaming by 16.2% during the second quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company's stock worth $436,000 after acquiring an additional 5,508 shares during the period. Bank of New York Mellon Corp grew its holdings in Corsair Gaming by 3.5% during the second 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. Rhumbline Advisers grew its holdings in Corsair Gaming by 11.6% during the second quarter. Rhumbline Advisers now owns 134,322 shares of the company's stock worth $1,483,000 after acquiring an additional 13,940 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Corsair Gaming by 7.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company's stock worth $24,072,000 after acquiring an additional 153,036 shares during the period. Institutional investors and hedge funds own 25.66% of the company's stock.

Corsair Gaming Stock Down 1.4 %

NASDAQ CRSR traded down $0.11 during trading on Friday, hitting $7.48. 328,497 shares of the company traded hands, compared to its average volume of 557,583. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $8.06. The company has a market capitalization of $783.16 million, a P/E ratio of -8.31 and a beta of 1.62. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $15.07.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRSR. TD Cowen dropped their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Macquarie reduced their price objective on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group dropped their target price on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Wedbush restated an "outperform" rating and set a $11.00 price target on shares of Corsair Gaming in a research note on Tuesday, November 5th. Finally, Robert W. Baird reduced their price target on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.14.

Corsair Gaming 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.