Barclays PLC Raises Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Barclays PLC grew its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 257.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,933 shares of the company’s stock after acquiring an additional 56,841 shares during the quarter. Barclays PLC owned about 0.08% of Corsair Gaming worth $549,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Corsair Gaming by 995.8% during the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after purchasing an additional 4,312 shares during the period. FMR LLC raised its stake in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after buying an additional 2,291 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Corsair Gaming during the 2nd quarter valued at $121,000. Intech Investment Management LLC bought a new position in shares of Corsair Gaming during the 3rd quarter valued at $77,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of Corsair Gaming in the 3rd quarter worth $97,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Trading Up 4.4 %

Corsair Gaming stock opened at $8.32 on Friday. Corsair Gaming, Inc. has a 12-month low of $5.59 and a 12-month high of $14.13. The firm has a market capitalization of $871.10 million, a price-to-earnings ratio of -9.24 and a beta of 1.63. The firm has a 50 day moving average of $7.18 and a 200 day moving average of $7.25. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays reduced their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Robert W. Baird lowered their price objective on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Macquarie dropped their price objective 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. TD Cowen reduced their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group dropped 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 note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.