Texas Permanent School Fund Corp Has $357,000 Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Texas Permanent School Fund Corp lowered its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,372 shares of the company’s stock after selling 5,481 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Corsair Gaming were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Corsair Gaming by 11.6% during the 2nd 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 last quarter. Bank of New York Mellon Corp boosted its position in Corsair Gaming by 3.5% during 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 last quarter. Lebenthal Global Advisors LLC boosted its position 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 acquiring an additional 5,508 shares during the last quarter. Virtu Financial LLC acquired a new position in Corsair Gaming during the 1st quarter worth approximately $162,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Corsair Gaming by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after acquiring an additional 1,348 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Stock Up 2.0 %

CRSR opened at $6.66 on Friday. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $15.07. The stock’s fifty day simple moving average is $7.07 and its 200 day simple moving average is $9.91. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market cap of $692.01 million, a PE ratio of -83.25 and a beta of 1.58.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Corsair Gaming had a negative net margin of 2.83% and a positive return on equity of 2.17%. The business had revenue of $261.30 million during the quarter, compared to the consensus estimate of $290.30 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was down 19.7% on a year-over-year basis. As a group, research analysts expect that Corsair Gaming, Inc. will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CRSR shares. Wedbush reduced their price target on Corsair Gaming from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group dropped their price objective on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird dropped their price objective on Corsair Gaming from $14.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Finally, Barclays dropped their price objective on Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average price target of $11.00.

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.