Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 17.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 211,391 shares of the company’s stock after selling 46,034 shares during the quarter. Principal Financial Group Inc. owned approximately 0.20% of Corsair Gaming worth $1,471,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in Corsair Gaming by 7.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock worth $24,072,000 after purchasing an additional 153,036 shares in the last quarter. Creative Planning increased its holdings in shares of Corsair Gaming by 579.2% during the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock worth $572,000 after buying an additional 70,083 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Corsair Gaming by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after buying an additional 64,373 shares during the period. Renaissance Technologies LLC lifted its holdings in Corsair Gaming by 12.2% in the second quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock valued at $4,615,000 after acquiring an additional 45,400 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in Corsair Gaming in the second quarter worth approximately $496,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRSR has been the topic of a number of research analyst reports. Macquarie reduced their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. TD Cowen reduced their price objective 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. Wedbush reaffirmed an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a research note on Tuesday, November 5th. 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 note on Thursday, November 7th. Finally, Robert W. Baird lowered their price objective on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Corsair Gaming has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Trading Up 2.2 %

Shares of CRSR stock opened at $7.38 on Friday. Corsair Gaming, Inc. has a fifty-two week low of $5.59 and a fifty-two week high of $15.07. The company has a 50 day moving average price of $6.75 and a 200 day moving average price of $8.30. The stock has a market capitalization of $772.69 million, a P/E ratio of -8.20 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58.

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.