35,475 Shares in Corsair Gaming, Inc. (NASDAQ:CRSR) Purchased by Verition Fund Management LLC

Verition Fund Management LLC acquired a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,475 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds have also recently added to or reduced their stakes in CRSR. Price T Rowe Associates Inc. MD grew its position in shares of Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after purchasing an additional 1,348 shares during the last quarter. Lebenthal Global Advisors LLC grew its holdings in Corsair Gaming by 16.2% during the 2nd quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company’s stock valued at $436,000 after buying an additional 5,508 shares during the last quarter. Bank of New York Mellon Corp grew 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 valued at $13,830,000 after buying an additional 41,832 shares during the last quarter. Rhumbline Advisers increased its position in Corsair Gaming by 11.6% during the second quarter. Rhumbline Advisers now owns 134,322 shares of the company’s stock worth $1,483,000 after buying an additional 13,940 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Corsair Gaming by 7.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock worth $24,072,000 after acquiring an additional 153,036 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRSR. Robert W. Baird dropped their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. TD Cowen lowered their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. Macquarie lowered their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Barclays cut their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.14.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $7.26 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. The firm has a market capitalization of $760.12 million, a price-to-earnings ratio of -8.07 and a beta of 1.62. Corsair Gaming, Inc. has a one year low of $5.59 and a one year high of $15.07. The company has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.93.

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.