Massachusetts Financial Services Co. MA Raises Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Massachusetts Financial Services Co. MA boosted its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,395,985 shares of the company's stock after buying an additional 678,017 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.36% of Corsair Gaming worth $19,683,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Amalgamated Bank grew its stake in Corsair Gaming by 6.9% in the 3rd quarter. Amalgamated Bank now owns 19,357 shares of the company's stock worth $281,000 after acquiring an additional 1,243 shares in the last quarter. Swiss National Bank grew its position in shares of Corsair Gaming by 1.5% during the 3rd quarter. Swiss National Bank now owns 100,900 shares of the company's stock worth $1,466,000 after buying an additional 1,500 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Corsair Gaming by 6.6% during the fourth quarter. Vontobel Holding Ltd. now owns 25,897 shares of the company's stock valued at $365,000 after buying an additional 1,612 shares during the period. Rhumbline Advisers lifted its stake in Corsair Gaming by 1.6% in the third quarter. Rhumbline Advisers now owns 117,404 shares of the company's stock worth $1,706,000 after acquiring an additional 1,871 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Corsair Gaming by 8.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 25,931 shares of the company's stock worth $366,000 after acquiring an additional 1,931 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Performance

Shares of CRSR stock traded up $0.07 on Friday, hitting $11.26. The company had a trading volume of 272,843 shares, compared to its average volume of 374,446. Corsair Gaming, Inc. has a twelve month low of $10.31 and a twelve month high of $20.72. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.17 billion, a P/E ratio of -140.75 and a beta of 1.61. The company has a 50-day moving average price of $11.63 and a 200-day moving average price of $12.71.

Analysts Set New Price Targets

CRSR has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of Corsair Gaming from $20.00 to $17.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 14th. Wedbush reiterated an "outperform" rating and issued a $18.00 target price on shares of Corsair Gaming in a report on Wednesday, May 8th. Robert W. Baird cut their price objective on shares of Corsair Gaming from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, February 15th. Finally, Stifel Nicolaus decreased their target price on shares of Corsair Gaming from $17.00 to $16.00 and set an "action list buy" rating for the company in a research report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Corsair Gaming currently has an average rating of "Moderate Buy" and an average target price of $15.83.

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.