The Manufacturers Life Insurance Company Has $126,000 Stake in Corsair Gaming, Inc. (NASDAQ:CRSR)

The Manufacturers Life Insurance Company lowered its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 27.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,067 shares of the company’s stock after selling 6,692 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Corsair Gaming were worth $126,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after acquiring an additional 1,857,532 shares during the period. Intech Investment Management LLC bought a new stake in Corsair Gaming in the third quarter valued at approximately $77,000. Public Sector Pension Investment Board raised its holdings in Corsair Gaming by 7.0% in the second quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock worth $1,060,000 after purchasing an additional 6,262 shares during the period. Rhumbline Advisers boosted its position in shares of 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 purchasing an additional 13,940 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Corsair Gaming by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,252,737 shares of the company’s stock worth $13,830,000 after purchasing an additional 41,832 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Stock Down 1.9 %

CRSR stock opened at $7.13 on Tuesday. The business has a 50-day moving average of $7.02 and a 200-day moving average of $7.87. Corsair Gaming, Inc. has a fifty-two week low of $5.59 and a fifty-two week high of $14.99. The stock has a market capitalization of $745.99 million, a P/E ratio of -7.92 and a beta of 1.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRSR. TD Cowen dropped their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Barclays cut their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Macquarie lowered their target price 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, Wedbush restated an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.