Barclays PLC Has $549,000 Stock Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Barclays PLC boosted its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 257.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 78,933 shares of the company’s stock after acquiring an additional 56,841 shares during the period. Barclays PLC’s holdings in Corsair Gaming were worth $549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRSR. Bank of New York Mellon Corp increased its position in shares of 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 worth $13,830,000 after acquiring an additional 41,832 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of 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 purchasing an additional 13,940 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Corsair Gaming by 7.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock valued at $24,072,000 after purchasing an additional 153,036 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Corsair Gaming by 12.2% during the 2nd 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, Sei Investments Co. bought a new position in shares of Corsair Gaming during the 2nd quarter valued at $496,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRSR. Robert W. Baird dropped their price target 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. Macquarie cut their price objective 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 lowered their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Barclays lowered their price objective on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $6.98 on Friday. The stock’s 50 day simple moving average is $6.98 and its two-hundred day simple moving average is $7.49. Corsair Gaming, Inc. has a 1 year low of $5.59 and a 1 year high of $14.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The company has a market cap of $730.81 million, a price-to-earnings ratio of -7.76 and a beta of 1.62.

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.