WINTON GROUP Ltd lowered its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Free Report) by 75.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,175 shares of the company’s stock after selling 314,841 shares during the quarter. WINTON GROUP Ltd’s holdings in Corsair Gaming were worth $988,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new position in Corsair Gaming in the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC boosted its stake in Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after purchasing an additional 3,681 shares during the period. Cetera Investment Advisers bought a new position in Corsair Gaming in the 1st quarter worth approximately $56,000. Quantbot Technologies LP purchased a new stake in Corsair Gaming during the 2nd quarter valued at approximately $56,000. Finally, R Squared Ltd purchased a new stake in Corsair Gaming during the 1st quarter valued at approximately $58,000. Institutional investors own 25.66% of the company’s stock.
Corsair Gaming Stock Performance
NASDAQ CRSR opened at $13.54 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. Corsair Gaming, Inc. has a 1-year low of $4.48 and a 1-year high of $14.98. The business has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $8.61. The stock has a market capitalization of $1.46 billion, a PE ratio of 45.13 and a beta of 1.88.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. Weiss Ratings raised shares of Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Barclays raised their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. The Goldman Sachs Group downgraded shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a report on Wednesday, August 19th. Finally, Wedbush boosted their price target on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.
Check Out Our Latest Stock Report on Corsair Gaming
Corsair Gaming Company Profile
Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.
The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.
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