State Street Corp Buys 12,373 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

State Street Corp grew its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631,501 shares of the company’s stock after buying an additional 12,373 shares during the period. State Street Corp owned approximately 1.56% of Corsair Gaming worth $11,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in Corsair Gaming by 39.6% during the third 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 during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Corsair Gaming during the 3rd quarter valued at about $137,000. Jacobs Levy Equity Management Inc. bought a new stake in Corsair Gaming in the 3rd quarter worth approximately $1,094,000. Verition Fund Management LLC purchased a new stake in Corsair Gaming in the third quarter worth approximately $247,000. Finally, Glenmede Trust Co. NA bought a new position in Corsair Gaming during the third quarter valued at approximately $97,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

Shares of NASDAQ:CRSR opened at $6.41 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. The firm has a market cap of $671.13 million, a price-to-earnings ratio of -7.12 and a beta of 1.62. The business has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $7.65. Corsair Gaming, Inc. has a fifty-two week low of $5.59 and a fifty-two week high of $14.66.

Analyst Ratings Changes

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

About Corsair Gaming

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.