The Manufacturers Life Insurance Company Has $273,000 Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

The Manufacturers Life Insurance Company grew its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 18.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 24,759 shares of the company’s stock after buying an additional 3,906 shares during the period. The Manufacturers Life Insurance Company’s holdings in Corsair Gaming were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Corsair Gaming in the 2nd quarter valued at $121,000. Virtu Financial LLC bought a new position in shares of Corsair Gaming in the first quarter valued at $162,000. PEAK6 Investments LLC grew its holdings in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after buying an additional 43,393 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Corsair Gaming by 286.4% during the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock worth $210,000 after acquiring an additional 12,631 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Corsair Gaming by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after acquiring an additional 1,348 shares in the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Stock Performance

CRSR stock opened at $6.75 on Friday. The business has a 50 day moving average of $6.58 and a 200-day moving average of $9.18. The firm has a market cap of $701.37 million, a PE ratio of -84.38 and a beta of 1.58. Corsair Gaming, Inc. has a 12-month low of $5.59 and a 12-month high of $15.07. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $261.30 million during the quarter, compared to the consensus estimate of $290.30 million. Corsair Gaming had a negative net margin of 2.83% and a positive return on equity of 2.17%. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. As a group, sell-side analysts expect that Corsair Gaming, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CRSR shares. Stifel Nicolaus dropped their price target on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group dropped their target price on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wedbush decreased their price target on Corsair Gaming from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Robert W. Baird dropped their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Finally, Barclays cut their price objective on shares of Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Corsair Gaming currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.60.

About Corsair Gaming

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.