Corsair Gaming, Inc. (NASDAQ:CRSR) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,429 shares of the company’s stock after buying an additional 2,756 shares during the period. JPMorgan Chase & Co.’s holdings in Corsair Gaming were worth $274,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Corsair Gaming by 257.3% during the third quarter. Barclays PLC now owns 78,933 shares of the company’s stock worth $549,000 after acquiring an additional 56,841 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Corsair Gaming in the 3rd quarter worth approximately $108,000. Main Management ETF Advisors LLC acquired a new stake in Corsair Gaming during the third quarter valued at approximately $735,000. State Street Corp boosted its holdings in Corsair Gaming by 0.8% during the third quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after buying an additional 12,373 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Corsair Gaming by 39.6% in the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock worth $1,493,000 after buying an additional 60,811 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analysts Set New Price Targets

CRSR has been the subject of several research reports. TD Cowen reduced their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Barclays dropped their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Macquarie reduced their price target 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. Three 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 currently has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Price Performance

NASDAQ CRSR opened at $9.29 on Friday. 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 firm has a market capitalization of $972.66 million, a price-to-earnings ratio of -10.32 and a beta of 1.63. The company has a 50 day simple moving average of $7.55 and a 200-day simple moving average of $7.14. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $14.13.

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.