Charles Schwab Investment Management Inc. Has $2.66 Million Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Charles Schwab Investment Management Inc. lessened its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 382,734 shares of the company’s stock after selling 7,014 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Corsair Gaming were worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after buying an additional 4,312 shares during the period. Intech Investment Management LLC bought a new stake in shares of Corsair Gaming during the 3rd quarter valued at about $77,000. SG Americas Securities LLC bought a new stake in shares of Corsair Gaming during the 3rd quarter valued at about $101,000. Squarepoint Ops LLC bought a new stake in shares of Corsair Gaming during the 2nd quarter valued at about $121,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Corsair Gaming by 18.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock valued at $273,000 after purchasing an additional 3,906 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

Shares of CRSR opened at $7.26 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $760.12 million, a price-to-earnings ratio of -8.07 and a beta of 1.62. The stock has a 50 day moving average of $7.02 and a 200 day moving average of $7.90. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $15.07.

Analysts Set New Price Targets

Several research analysts have issued reports on CRSR shares. The Goldman Sachs Group cut their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Barclays lowered their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Macquarie lowered their price objective on 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, TD Cowen lowered 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Corsair Gaming has a consensus rating of “Moderate Buy” and a consensus target price of $9.14.

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.