Massachusetts Financial Services Co. MA Boosts Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Massachusetts Financial Services Co. MA raised its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 85.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,037,958 shares of the company’s stock after purchasing an additional 1,857,532 shares during the period. Massachusetts Financial Services Co. MA owned 3.86% of Corsair Gaming worth $28,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after purchasing an additional 1,348 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Corsair Gaming by 18.7% in the second quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock valued at $273,000 after purchasing an additional 3,906 shares during the last quarter. GAMMA Investing LLC grew its stake in Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after purchasing an additional 4,312 shares during the last quarter. Lebenthal Global Advisors LLC grew its stake in Corsair Gaming by 16.2% in the second quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company’s stock valued at $436,000 after purchasing an additional 5,508 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Corsair Gaming by 7.0% in 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 last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Up 3.5 %

Shares of CRSR opened at $7.64 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. Corsair Gaming, Inc. has a one year low of $5.59 and a one year high of $15.07. The stock has a market capitalization of $799.38 million, a price-to-earnings ratio of -8.48 and a beta of 1.59. The stock has a 50 day moving average price of $6.77 and a 200 day moving average price of $8.26.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a research note on Tuesday, November 5th. The Goldman Sachs Group dropped their price target on 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 dropped their price target 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. Robert W. Baird dropped their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Finally, TD Cowen dropped 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.