Stifel Financial Corp Buys 60,811 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Stifel Financial Corp lifted its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 39.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,564 shares of the company’s stock after buying an additional 60,811 shares during the quarter. Stifel Financial Corp owned about 0.20% of Corsair Gaming worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Corsair Gaming Trading Down 3.1 %

Corsair Gaming stock opened at $6.27 on Friday. Corsair Gaming, Inc. has a one year low of $5.59 and a one year high of $14.71. The business’s fifty day moving average is $6.99 and its 200 day moving average is $7.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The stock has a market capitalization of $656.47 million, a PE ratio of -6.97 and a beta of 1.62.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays cut their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Macquarie cut their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. TD Cowen lowered their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Robert W. Baird cut 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 report on Wednesday, September 25th. Finally, Wedbush restated an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average 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.