New York State Common Retirement Fund increased its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738,922 shares of the company's stock after purchasing an additional 212,792 shares during the quarter. New York State Common Retirement Fund owned about 0.71% of Corsair Gaming worth $4,884,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRSR. Massachusetts Financial Services Co. MA increased its stake 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 buying an additional 1,857,532 shares during the last quarter. State Street Corp raised its position in shares of Corsair Gaming by 0.8% in the 3rd 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company's stock valued at $1,446,000 after buying an additional 7,351 shares in the last quarter. Stifel Financial Corp increased its position in Corsair Gaming by 39.6% during the 3rd quarter. Stifel Financial Corp now owns 214,564 shares of the company's stock worth $1,493,000 after purchasing an additional 60,811 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Corsair Gaming during the 3rd quarter worth approximately $1,094,000. 25.66% of the stock is owned by institutional investors.
Corsair Gaming Stock Down 6.4 %
NASDAQ CRSR traded down $0.76 on Monday, hitting $10.98. 787,499 shares of the company were exchanged, compared to its average volume of 1,198,642. The company has a market cap of $1.15 billion, a PE ratio of -11.54 and a beta of 1.68. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $13.03. The stock has a fifty day moving average of $9.10 and a 200-day moving average of $7.62. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting 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 forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. 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. Wedbush reissued an "outperform" rating and set a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Robert W. Baird boosted their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Macquarie reduced their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, TD Cowen reduced their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.14.
Get Our Latest Report on Corsair Gaming
Corsair Gaming Company Profile
(
Free Report)
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.
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