Jane Street Group LLC Has $158,000 Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Jane Street Group LLC lessened its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 70.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,717 shares of the company’s stock after selling 53,556 shares during the period. Jane Street Group LLC’s holdings in Corsair Gaming were worth $158,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after acquiring an additional 4,312 shares during the last quarter. FMR LLC grew its holdings in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Corsair Gaming during the 2nd quarter worth approximately $121,000. Intech Investment Management LLC acquired a new stake in shares of Corsair Gaming in the 3rd quarter valued at about $77,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Corsair Gaming in the 3rd quarter worth $97,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Stock Performance

Shares of NASDAQ CRSR opened at $7.46 on Tuesday. The company has a market cap of $781.06 million, a PE ratio of -8.29 and a beta of 1.63. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $7.12 and its 200-day moving average price is $7.26. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $14.13.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Macquarie lowered their price objective 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. Wedbush reissued an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Robert W. Baird dropped their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. 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. Finally, The Goldman Sachs Group reduced their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.