Jane Street Group LLC Lowers Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Jane Street Group LLC lessened its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 70.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,717 shares of the company’s stock after selling 53,556 shares during the period. Jane Street Group LLC’s holdings in Corsair Gaming were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Corsair Gaming by 0.8% during the third quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after purchasing an additional 12,373 shares during the last quarter. Stifel Financial Corp increased its position in Corsair Gaming by 39.6% during the 3rd quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock valued at $1,493,000 after buying an additional 60,811 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Corsair Gaming in the 3rd quarter worth approximately $137,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Corsair Gaming in the 3rd quarter valued at $1,094,000. Finally, Verition Fund Management LLC purchased a new stake in Corsair Gaming in the third quarter valued at approximately $247,000. Institutional investors own 25.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CRSR. Macquarie lowered their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group decreased their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. TD Cowen cut their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Barclays dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Corsair Gaming Stock Down 1.6 %

Shares of Corsair Gaming stock opened at $7.46 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. Corsair Gaming, Inc. has a 52-week low of $5.59 and a 52-week high of $14.13. The company has a market capitalization of $781.06 million, a P/E ratio of -8.29 and a beta of 1.63. The company has a 50 day moving average of $7.12 and a 200 day moving average of $7.26.

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.