New York State Common Retirement Fund Has $5.80 Million Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

New York State Common Retirement Fund raised its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,321 shares of the company's stock after purchasing an additional 100,760 shares during the quarter. New York State Common Retirement Fund owned 0.40% of Corsair Gaming worth $5,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Corsair Gaming by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company's stock valued at $78,884,000 after purchasing an additional 149,947 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Corsair Gaming by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,178,574 shares of the company's stock worth $17,125,000 after buying an additional 21,744 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Corsair Gaming by 59.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 717,968 shares of the company's stock worth $10,432,000 after acquiring an additional 268,353 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Corsair Gaming by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 329,257 shares of the company's stock worth $4,784,000 after acquiring an additional 23,165 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Corsair Gaming by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 117,404 shares of the company's stock valued at $1,706,000 after acquiring an additional 1,871 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Corsair Gaming Stock Performance

Corsair Gaming stock traded up $0.03 during midday trading on Friday, reaching $11.61. 316,191 shares of the stock traded hands, compared to its average volume of 290,722. Corsair Gaming, Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $20.72. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 387.13 and a beta of 1.61. The firm has a fifty day moving average price of $11.95 and a two-hundred day moving average price of $12.85.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The business had revenue of $417.29 million for the quarter, compared to the consensus estimate of $435.57 million. Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. On average, equities research analysts forecast that Corsair Gaming, Inc. will post 0.43 earnings per share for the current year.

Analysts Set New Price Targets

CRSR has been the subject of a number of research reports. Stifel Nicolaus decreased their price objective on shares of Corsair Gaming from $17.00 to $16.00 and set an "action list buy" rating for the company in a report on Wednesday, February 14th. Wedbush reaffirmed an "outperform" rating and set a $21.00 price objective on shares of Corsair Gaming in a research report on Wednesday, February 7th. Robert W. Baird cut their target price on shares of Corsair Gaming from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, February 15th. Finally, Barclays lowered their target price on Corsair Gaming from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Corsair Gaming presently has an average rating of "Moderate Buy" and an average price target of $16.33.

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.