Main Management ETF Advisors LLC Invests $735,000 in Corsair Gaming, Inc. (NASDAQ:CRSR)

Main Management ETF Advisors LLC purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 105,536 shares of the company’s stock, valued at approximately $735,000.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after purchasing an additional 1,348 shares during the last quarter. Lebenthal Global Advisors LLC grew its stake in Corsair Gaming by 16.2% in the 2nd quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company’s stock valued at $436,000 after buying an additional 5,508 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Corsair Gaming by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,252,737 shares of the company’s stock valued at $13,830,000 after acquiring an additional 41,832 shares during the period. Rhumbline Advisers lifted its position in Corsair Gaming by 11.6% during the second quarter. Rhumbline Advisers now owns 134,322 shares of the company’s stock worth $1,483,000 after acquiring an additional 13,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Corsair Gaming by 7.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock worth $24,072,000 after acquiring an additional 153,036 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRSR shares. Barclays decreased their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. TD Cowen lowered their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Robert W. Baird lowered 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 report on Wednesday, September 25th. Finally, Macquarie cut their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Corsair Gaming has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Stock Down 1.4 %

CRSR stock opened at $7.48 on Friday. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $15.07. The business has a 50-day simple moving average of $6.94 and a 200 day simple moving average of $8.08. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The company has a market cap of $783.16 million, a PE ratio of -8.31 and a beta of 1.62.

Corsair Gaming Company 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.