Corsair Gaming, Inc. (NASDAQ:CRSR) Stock Position Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,718 shares of the company’s stock after selling 8,310 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Corsair Gaming were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRSR. FMR LLC grew its position in Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Corsair Gaming by 18.7% during the second quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock worth $273,000 after buying an additional 3,906 shares during the period. GAMMA Investing LLC grew its holdings in Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after buying an additional 4,312 shares in the last quarter. Public Sector Pension Investment Board increased its position in Corsair Gaming by 7.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after acquiring an additional 6,262 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Corsair Gaming during the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analyst Ratings Changes

CRSR has been the subject of several recent analyst reports. TD Cowen decreased their price target 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. Macquarie decreased 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 report on Friday, November 8th. Barclays dropped their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird decreased their price objective on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, Wedbush reissued an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $6.27 on Friday. The company has a 50-day moving average of $6.99 and a 200-day moving average of $7.78. The firm has a market cap of $656.47 million, a price-to-earnings ratio of -6.97 and a beta of 1.62. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Corsair Gaming, Inc. has a twelve month low of $5.59 and a twelve month high of $14.71.

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.