Corsair Gaming, Inc. (NASDAQ:CRSR) Short Interest Down 5.2% in November

Corsair Gaming, Inc. (NASDAQ:CRSR) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,260,000 shares, a decrease of 5.2% from the November 15th total of 3,440,000 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average trading volume of 481,500 shares, the short-interest ratio is presently 6.8 days.

Hedge Funds Weigh In On Corsair Gaming

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake 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 purchasing an additional 56,841 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Corsair Gaming in the third quarter valued at approximately $108,000. Main Management ETF Advisors LLC purchased a new stake in Corsair Gaming during the 3rd quarter worth approximately $735,000. State Street Corp lifted its holdings 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 buying an additional 12,373 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Corsair Gaming by 39.6% in the 3rd 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.

Corsair Gaming Stock Down 6.3 %

NASDAQ:CRSR opened at $6.60 on Thursday. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.99. The stock’s fifty day moving average is $7.01 and its two-hundred day moving average is $7.83. The stock has a market capitalization of $691.02 million, a price-to-earnings ratio of -7.33 and a beta of 1.62. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRSR. The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Macquarie decreased their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Robert W. Baird cut their target price on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Corsair Gaming presently has a consensus 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.