Verition Fund Management LLC Invests $247,000 in Corsair Gaming, Inc. (NASDAQ:CRSR)

Verition Fund Management LLC purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 35,475 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after acquiring an additional 4,312 shares during the period. FMR LLC boosted its position in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares during the period. Intech Investment Management LLC acquired a new stake in Corsair Gaming in the 3rd quarter valued at $77,000. Glenmede Trust Co. NA purchased a new position in Corsair Gaming in the third quarter valued at about $97,000. Finally, SG Americas Securities LLC acquired a new position in shares of Corsair Gaming during the third quarter worth about $101,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays lowered their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Macquarie lowered their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Wedbush reissued an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a research report on Tuesday, November 5th. TD Cowen lowered their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Finally, Robert W. Baird dropped their price target on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.14.

Corsair Gaming Stock Down 5.4 %

CRSR stock opened at $7.26 on Friday. 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 50 day simple moving average of $7.02 and a 200-day simple moving average of $7.93. The company has a market capitalization of $760.12 million, a P/E ratio of -8.07 and a beta of 1.62. Corsair Gaming, Inc. has a twelve month low of $5.59 and a twelve month high of $15.07.

About Corsair Gaming

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.