Principal Financial Group Inc. Sells 46,034 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Principal Financial Group Inc. lowered its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 17.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,391 shares of the company’s stock after selling 46,034 shares during the period. Principal Financial Group Inc. owned about 0.20% of Corsair Gaming worth $1,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after acquiring an additional 1,857,532 shares during the last quarter. State Street Corp raised its position in Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after purchasing an additional 12,373 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 41,832 shares during the period. Renaissance Technologies LLC grew its position in shares of Corsair Gaming by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock valued at $4,615,000 after buying an additional 45,400 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Corsair Gaming by 39.6% in the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock valued at $1,493,000 after buying an additional 60,811 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRSR. Barclays cut their price objective 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. 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 report on Thursday, November 7th. Macquarie decreased 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 report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. Finally, TD Cowen cut their price target 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Corsair Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $9.14.

Corsair Gaming Trading Up 1.6 %

CRSR opened at $7.09 on Friday. The company has a fifty day moving average price of $7.01 and a two-hundred day moving average price of $7.43. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $14.13. The company has a market cap of $742.32 million, a P/E ratio of -7.88 and a beta of 1.62. 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 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.