New York State Common Retirement Fund Has $6.51 Million Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

New York State Common Retirement Fund cut its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 734,424 shares of the company’s stock after selling 4,498 shares during the quarter. New York State Common Retirement Fund owned approximately 0.70% of Corsair Gaming worth $6,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in shares of Corsair Gaming in the 4th quarter worth about $1,503,000. Vanguard Group Inc. raised its position in shares of Corsair Gaming by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after acquiring an additional 148,674 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Corsair Gaming in the 4th quarter worth about $912,000. Invesco Ltd. raised its position in shares of Corsair Gaming by 28.4% in the 4th quarter. Invesco Ltd. now owns 578,749 shares of the company’s stock worth $3,826,000 after acquiring an additional 127,948 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Corsair Gaming by 1,051.0% in the 4th quarter. Intech Investment Management LLC now owns 127,647 shares of the company’s stock worth $844,000 after acquiring an additional 116,557 shares in the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Stock Performance

CRSR stock opened at $9.28 on Monday. The firm has a market cap of $982.01 million, a PE ratio of -9.98 and a beta of 1.77. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $9.15 and a 200-day moving average of $8.97. Corsair Gaming, Inc. has a 12-month low of $5.60 and a 12-month high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last released its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $369.75 million during the quarter, compared to the consensus estimate of $366.20 million. Corsair Gaming had a negative net margin of 7.20% and a negative return on equity of 4.65%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, sell-side analysts expect that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays decreased their target price on Corsair Gaming from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their target price on Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Wedbush reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Corsair Gaming in a research report on Monday, May 5th. Wall Street Zen raised Corsair Gaming from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Finally, Robert W. Baird set a $10.00 target price on Corsair Gaming in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Corsair Gaming has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

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.