Public Employees Retirement System of Ohio Acquires Shares of 15,500 Corsair Gaming, Inc. (NASDAQ:CRSR)

Public Employees Retirement System of Ohio bought a new position in Corsair Gaming, Inc. (NASDAQ:CRSR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,500 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake 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 acquiring an additional 1,857,532 shares during the last quarter. State Street Corp increased its position in Corsair Gaming by 0.8% in the third quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after purchasing an additional 12,373 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $13,830,000 after purchasing an additional 41,832 shares in the last quarter. Renaissance Technologies LLC lifted its position in Corsair Gaming by 12.2% during the second quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock valued at $4,615,000 after purchasing an additional 45,400 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Corsair Gaming by 39.6% during the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock valued at $1,493,000 after purchasing an additional 60,811 shares during the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

Shares of CRSR stock opened at $6.27 on Monday. The stock has a 50 day moving average price of $6.99 and a 200 day moving average price of $7.76. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $14.71. 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 capitalization of $656.47 million, a P/E ratio of -6.97 and a beta of 1.62.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Macquarie decreased their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group decreased 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 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. Barclays cut their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Corsair Gaming presently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming 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.