Massachusetts Financial Services Co. MA Has $26.47 Million Stock Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Massachusetts Financial Services Co. MA cut its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,004,363 shares of the company’s stock after selling 33,595 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Corsair Gaming were worth $26,469,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CRSR. PNC Financial Services Group Inc. grew its position in Corsair Gaming by 220.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after purchasing an additional 3,414 shares in the last quarter. FMR LLC grew its holdings in shares of Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after acquiring an additional 2,291 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after acquiring an additional 1,971 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Corsair Gaming during the fourth quarter worth about $50,000. Finally, Magnetar Financial LLC acquired a new position in Corsair Gaming during the fourth quarter valued at approximately $67,000. Institutional investors own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays boosted their price target on Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird boosted their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Corsair Gaming has a consensus rating of “Moderate Buy” and an average target price of $10.14.

Insider Buying and Selling at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the transaction, the chief financial officer now directly owns 125,650 shares of the company’s stock, valued at $1,266,552. This represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 58.89% of the company’s stock.

Corsair Gaming Stock Down 8.3 %

CRSR opened at $6.76 on Monday. The stock’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $8.24. Corsair Gaming, Inc. has a 1-year low of $5.60 and a 1-year high of $13.02. The stock has a market cap of $708.82 million, a PE ratio of -7.12 and a beta of 1.68. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. As a group, research analysts expect that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Corsair Gaming 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.