Centaurus Financial Inc. trimmed its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR – Get Rating) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,418 shares of the company's stock after selling 2,289 shares during the period. Centaurus Financial Inc.'s holdings in Corsair Gaming were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in shares of Corsair Gaming by 574.9% during the 1st quarter. New York State Common Retirement Fund now owns 140,530 shares of the company's stock valued at $2,974,000 after purchasing an additional 119,707 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Corsair Gaming during the 1st quarter valued at about $499,000. Mutual of America Capital Management LLC bought a new position in shares of Corsair Gaming during the 1st quarter valued at about $101,000. Oregon Public Employees Retirement Fund bought a new position in shares of Corsair Gaming during the 1st quarter valued at about $264,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Corsair Gaming during the 1st quarter valued at about $1,175,000. 22.91% of the stock is currently owned by hedge funds and other institutional investors.

Corsair Gaming Stock Up 3.7 %

Shares of NASDAQ CRSR opened at $12.18 on Monday. The firm's 50-day moving average price is $13.72 and its 200-day moving average price is $14.81. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -30.45 and a beta of 1.63. Corsair Gaming, Inc. has a 12-month low of $10.96 and a 12-month high of $26.97.

Analyst Upgrades and Downgrades

Several research firms have commented on CRSR. DA Davidson dropped their price objective on shares of Corsair Gaming to $20.00 in a report on Tuesday, August 9th. Cowen decreased their target price on shares of Corsair Gaming to $17.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Corsair Gaming presently has an average rating of "Moderate Buy" and a consensus target price of $23.71.

About Corsair Gaming

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Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.

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