Corsair Gaming, Inc. (NASDAQ:CRSR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,718 shares of the company’s stock after selling 8,310 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Corsair Gaming were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA acquired a new stake in shares of Corsair Gaming during the 3rd quarter worth about $97,000. FMR LLC lifted its stake in shares of Corsair Gaming by 89.0% during the third 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 period. Quantbot Technologies LP acquired a new stake in Corsair Gaming during the third quarter worth approximately $239,000. Massachusetts Financial Services Co. MA grew its stake in Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after acquiring an additional 1,857,532 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in Corsair Gaming by 51.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 129,306 shares of the company’s stock valued at $900,000 after acquiring an additional 43,837 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CRSR shares. Barclays reduced their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. TD Cowen decreased their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Finally, Macquarie dropped their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.14.

Corsair Gaming Trading Down 3.1 %

NASDAQ:CRSR opened at $6.27 on Friday. The business’s 50-day moving average is $6.99 and its two-hundred day moving average is $7.78. The firm has a market capitalization of $656.47 million, a PE ratio of -6.97 and a beta of 1.62. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $14.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77.

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.