Intech Investment Management LLC Invests $77,000 in Corsair Gaming, Inc. (NASDAQ:CRSR)

Intech Investment Management LLC purchased a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 11,090 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Corsair Gaming by 7.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock valued at $24,072,000 after acquiring an additional 153,036 shares during the last quarter. Creative Planning lifted its position in shares of Corsair Gaming by 579.2% during the third quarter. Creative Planning now owns 82,182 shares of the company’s stock worth $572,000 after purchasing an additional 70,083 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Corsair Gaming during the third quarter valued at $462,000. Renaissance Technologies LLC grew its holdings in shares of Corsair Gaming by 12.2% in the second quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock worth $4,615,000 after purchasing an additional 45,400 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in Corsair Gaming in the 2nd quarter worth about $496,000. 25.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRSR shares. Robert W. Baird lowered 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 report on Wednesday, September 25th. Barclays dropped their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” 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 report on Friday, November 8th. Finally, TD Cowen cut their price target 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Trading Down 1.4 %

CRSR opened at $7.48 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market cap of $783.16 million, a price-to-earnings ratio of -8.31 and a beta of 1.62. Corsair Gaming, Inc. has a 12 month low of $5.59 and a 12 month high of $15.07. The stock has a fifty day moving average price of $6.94 and a 200-day moving average price of $8.06.

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.