Creative Planning Raises Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Creative Planning grew its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 579.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,182 shares of the company’s stock after buying an additional 70,083 shares during the period. Creative Planning’s holdings in Corsair Gaming were worth $572,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after buying an additional 4,312 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Corsair Gaming during the 2nd quarter worth about $121,000. Virtu Financial LLC purchased a new stake in Corsair Gaming during the 1st quarter worth about $162,000. PEAK6 Investments LLC lifted its holdings in Corsair Gaming by 144.3% during the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after purchasing an additional 43,393 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Corsair Gaming during the 3rd quarter worth about $101,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $6.70 on Tuesday. The business’s 50-day moving average price is $6.60 and its two-hundred day moving average price is $8.71. Corsair Gaming, Inc. has a twelve month low of $5.59 and a twelve month high of $15.07. The stock has a market cap of $697.81 million, a P/E ratio of -18.11 and a beta of 1.59. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRSR shares. Stifel Nicolaus dropped their price objective on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Wedbush dropped their price objective on Corsair Gaming from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Robert W. Baird dropped their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. The Goldman Sachs Group lowered their price target on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barclays lowered their price target on Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.60.

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.