WINTON GROUP Ltd lifted its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR – Free Report) by 104.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,991 shares of the company’s stock after purchasing an additional 93,538 shares during the period. WINTON GROUP Ltd’s holdings in Corsair Gaming were worth $1,087,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Corsair Gaming by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,916,703 shares of the company’s stock worth $61,697,000 after purchasing an additional 269,193 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Corsair Gaming by 15.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock worth $18,075,000 after purchasing an additional 401,171 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Corsair Gaming by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company’s stock worth $24,833,000 after purchasing an additional 98,588 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in shares of Corsair Gaming by 128.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 625,000 shares of the company’s stock worth $5,575,000 after purchasing an additional 352,000 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Corsair Gaming by 9.0% in the 3rd quarter. Invesco Ltd. now owns 544,532 shares of the company’s stock worth $4,857,000 after purchasing an additional 44,777 shares during the period. Institutional investors own 25.66% of the company’s stock.
Corsair Gaming Trading Down 3.2%
Corsair Gaming stock opened at $8.41 on Wednesday. The stock has a market cap of $898.86 million, a P/E ratio of 105.14 and a beta of 1.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.74 and a quick ratio of 0.95. Corsair Gaming, Inc. has a 1 year low of $4.48 and a 1 year high of $13.10. The firm’s 50 day moving average price is $7.34 and its 200-day moving average price is $6.32.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CRSR. Wall Street Zen cut shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays increased their target price on shares of Corsair Gaming from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Robert W. Baird set a $6.00 target price on shares of Corsair Gaming in a report on Friday, February 13th. Craig Hallum reissued a “hold” rating and issued a $10.00 target price on shares of Corsair Gaming in a report on Monday, June 1st. Finally, Wedbush increased their target price on shares of Corsair Gaming from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.33.
View Our Latest Report on CRSR
Corsair Gaming Company Profile
Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.
The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.
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