Stifel Financial Corp Purchases 60,811 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Stifel Financial Corp increased its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 39.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,564 shares of the company’s stock after acquiring an additional 60,811 shares during the period. Stifel Financial Corp’s holdings in Corsair Gaming were worth $1,493,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new position in Corsair Gaming in the third quarter worth approximately $1,094,000. Massachusetts Financial Services Co. MA raised its holdings in 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 worth $28,104,000 after purchasing an additional 1,857,532 shares during the period. Intech Investment Management LLC purchased a new position in Corsair Gaming during the third quarter valued at $77,000. Public Sector Pension Investment Board grew its holdings in Corsair Gaming by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after purchasing an additional 6,262 shares during the period. Finally, Rhumbline Advisers increased its position in Corsair Gaming by 11.6% in 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. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Down 3.1 %

Shares of CRSR stock opened at $6.27 on Friday. The company’s fifty day simple moving average is $6.99 and its two-hundred day simple moving average is $7.78. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $14.71. The stock has a market cap of $656.47 million, a P/E ratio of -6.97 and a beta of 1.62. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

CRSR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective 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. TD Cowen decreased their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. Macquarie decreased their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, 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 note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.