Landscape Capital Management L.L.C. Raises Holdings in Corsair Gaming, Inc. (NASDAQ:CRSR)

Landscape Capital Management L.L.C. increased its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 51.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 129,306 shares of the company’s stock after purchasing an additional 43,837 shares during the period. Landscape Capital Management L.L.C.’s holdings in Corsair Gaming were worth $900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Corsair Gaming in the 2nd quarter valued at approximately $121,000. Intech Investment Management LLC bought a new stake in Corsair Gaming during the 3rd quarter valued at $77,000. Virtu Financial LLC bought a new stake in Corsair Gaming during the 1st quarter valued at $162,000. Finally, PEAK6 Investments LLC lifted its position 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 worth $164,000 after acquiring an additional 43,393 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRSR shares. Robert W. Baird decreased 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. TD Cowen decreased their price target 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. Barclays lowered their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. Finally, Macquarie lowered their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Stock Up 2.2 %

CRSR stock opened at $7.38 on Friday. The company’s 50 day moving average is $6.75 and its 200 day moving average is $8.33. The stock has a market cap of $772.69 million, a price-to-earnings ratio of -8.20 and a beta of 1.59. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $15.07.

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.