Principal Financial Group Inc. Has $1.47 Million Stake in Corsair Gaming, Inc. (NASDAQ:CRSR)

Principal Financial Group Inc. lowered its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 211,391 shares of the company’s stock after selling 46,034 shares during the quarter. Principal Financial Group Inc.’s holdings in Corsair Gaming were worth $1,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after buying an additional 1,857,532 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Corsair Gaming during the 3rd quarter valued at about $1,094,000. Main Management ETF Advisors LLC acquired a new position in Corsair Gaming during the 3rd quarter valued at about $735,000. Creative Planning increased its holdings in Corsair Gaming by 579.2% during the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock worth $572,000 after purchasing an additional 70,083 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Corsair Gaming in the third quarter worth approximately $462,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $7.09 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 cap of $742.32 million, a price-to-earnings ratio of -7.88 and a beta of 1.62. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $14.13. The firm’s 50-day simple moving average is $7.01 and its two-hundred day simple moving average is $7.43.

Wall Street Analyst Weigh In

CRSR has been the subject of several recent research reports. The Goldman Sachs Group decreased their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. TD Cowen reduced their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. 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. Wedbush restated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Finally, 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 research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average 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.