Texas Permanent School Fund Corp lifted its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,675 shares of the company’s stock after buying an additional 9,341 shares during the period. Texas Permanent School Fund Corp’s holdings in Corsair Gaming were worth $722,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of CRSR. BlackRock Inc. boosted its position in Corsair Gaming by 3.2% during the first quarter. BlackRock Inc. now owns 6,265,716 shares of the company’s stock valued at $114,976,000 after purchasing an additional 196,315 shares during the last quarter. Vanguard Group Inc. boosted its position in Corsair Gaming by 7.3% during the third quarter. Vanguard Group Inc. now owns 4,435,249 shares of the company’s stock valued at $50,341,000 after purchasing an additional 300,624 shares during the last quarter. State Street Corp boosted its position in Corsair Gaming by 9.9% during the first quarter. State Street Corp now owns 1,349,405 shares of the company’s stock valued at $24,762,000 after purchasing an additional 121,403 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Corsair Gaming by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 1,156,830 shares of the company’s stock valued at $20,522,000 after purchasing an additional 90,875 shares during the last quarter. Finally, Palisade Capital Management LP boosted its position in Corsair Gaming by 3.3% during the first quarter. Palisade Capital Management LP now owns 975,214 shares of the company’s stock valued at $17,895,000 after purchasing an additional 31,022 shares during the last quarter. 24.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on CRSR shares. The Goldman Sachs Group reduced their price target on Corsair Gaming from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Stifel Nicolaus dropped their price objective on Corsair Gaming from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Credit Suisse Group upped their price objective on Corsair Gaming from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Finally, Wedbush upgraded Corsair Gaming from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $17.50 to $21.00 in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Corsair Gaming has an average rating of “Moderate Buy” and an average target price of $18.00.
Corsair Gaming Price Performance
Shares of NASDAQ CRSR opened at $13.13 on Tuesday. The firm has a market cap of $1.35 billion, a P/E ratio of 145.89 and a beta of 1.74. The company has a current ratio of 1.72, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. Corsair Gaming, Inc. has a 1-year low of $11.45 and a 1-year high of $20.72. The business’s 50 day moving average is $13.64 and its 200-day moving average is $16.10.
Insider Transactions at Corsair Gaming
In other news, CFO Michael G. Potter sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $15.03, for a total transaction of $150,300.00. Following the transaction, the chief financial officer now owns 51,575 shares in the company, valued at $775,172.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 65.23% of the stock is owned by corporate insiders.
Corsair Gaming Company Profile
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes 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, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.
- Five stocks we like better than Corsair Gaming
- Technology Stocks Explained: Here’s What to Know About Tech
- The most upgraded stocks in November have two things in common
- How to Invest in Insurance Companies: A Guide
- Monday.com rocked earnings like it’s the weekend
- The How and Why of Investing in Gold Stocks
- Plan to own one retailer? Make it this one
Receive News & Ratings for Corsair Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corsair Gaming and related companies with MarketBeat.com's FREE daily email newsletter.