Intech Investment Management LLC Buys Shares of 11,090 Corsair Gaming, Inc. (NASDAQ:CRSR)

Intech Investment Management LLC purchased a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,090 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds have also recently modified their holdings of the business. Public Sector Pension Investment Board lifted its position in Corsair Gaming by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after purchasing an additional 6,262 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Corsair Gaming by 11.6% during the 2nd quarter. Rhumbline Advisers now owns 134,322 shares of the company’s stock valued at $1,483,000 after acquiring an additional 13,940 shares during the period. Massachusetts Financial Services Co. MA increased its holdings 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 acquiring an additional 153,036 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 period. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

NASDAQ:CRSR opened at $7.48 on Monday. The company has a market capitalization of $783.16 million, a P/E ratio of -8.31 and a beta of 1.62. The business’s 50-day moving average is $6.94 and its 200 day moving average is $8.06. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $15.07.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRSR. Macquarie reduced their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. TD Cowen decreased their price target on 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 issued a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their target price 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, Barclays lowered their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Corsair Gaming has an average 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.