Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 85.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,037,958 shares of the company's stock after purchasing an additional 1,857,532 shares during the period. Massachusetts Financial Services Co. MA owned about 3.86% of Corsair Gaming worth $28,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Corsair Gaming by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company's stock worth $67,686,000 after buying an additional 64,373 shares during the last quarter. PEAK6 Investments LLC increased its position in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company's stock worth $164,000 after purchasing an additional 43,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Corsair Gaming by 7.1% in the 1st 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 last quarter. Virtu Financial LLC purchased a new position in Corsair Gaming in the 1st quarter valued at $162,000. Finally, Lebenthal Global Advisors LLC boosted its stake in Corsair Gaming by 16.2% during the 2nd quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company's stock worth $436,000 after purchasing an additional 5,508 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Down 4.3 %

NASDAQ CRSR traded down $0.33 during trading on Tuesday, reaching $7.31. 471,867 shares of the company's stock were exchanged, compared to its average volume of 455,478. The company has a 50 day moving average price of $6.78 and a two-hundred day moving average price of $8.24. The stock has a market cap of $765.36 million, a P/E ratio of -8.12 and a beta of 1.59. Corsair Gaming, Inc. has a 1 year low of $5.59 and a 1 year high of $15.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wedbush restated an "outperform" rating and set a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. Barclays cut their price target on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. TD Cowen reduced their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating on the stock in a research report on Thursday, November 7th. Macquarie lowered their price objective on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, The Goldman Sachs Group reduced their price target on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.14.

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.