Fmr LLC Has $34,000 Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Fmr LLC raised its stake in Corsair Gaming, Inc. (NASDAQ:CRSR) by 89.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,864 shares of the company’s stock after buying an additional 2,291 shares during the quarter. Fmr LLC’s holdings in Corsair Gaming were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 in the last quarter. Intech Investment Management LLC bought a new stake in shares of Corsair Gaming in the 3rd quarter valued at $77,000. SG Americas Securities LLC acquired a new stake in Corsair Gaming during the 3rd quarter worth $101,000. Squarepoint Ops LLC bought a new position in Corsair Gaming during the second quarter worth about $121,000. Finally, Quantbot Technologies LP acquired a new position in Corsair Gaming in the third quarter valued at about $239,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Up 0.3 %

CRSR stock opened at $6.41 on Thursday. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $14.66. The business’s 50 day simple moving average is $6.97 and its 200 day simple moving average is $7.65. 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 capitalization of $671.13 million, a PE ratio of -7.12 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a report 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. Macquarie reduced their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Robert W. Baird dropped their target price on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.14.

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.