GSA Capital Partners LLP purchased a new position in Corsair Gaming, Inc. (NASDAQ:CRSR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 243,945 shares of the company’s stock, valued at approximately $2,359,000. GSA Capital Partners LLP owned 0.23% of Corsair Gaming at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. First Trust Advisors LP bought a new stake in shares of Corsair Gaming in the first quarter valued at $606,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Corsair Gaming by 160.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 123,537 shares of the company’s stock worth $686,000 after acquiring an additional 76,054 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Corsair Gaming during the 4th quarter worth $1,158,000. WINTON GROUP Ltd increased its holdings in Corsair Gaming by 104.6% in the 4th quarter. WINTON GROUP Ltd now owns 182,991 shares of the company’s stock worth $1,087,000 after acquiring an additional 93,538 shares during the last quarter. Finally, Investor AB purchased a new stake in Corsair Gaming in the 4th quarter worth about $741,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on CRSR. Wall Street Zen raised shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Wedbush lifted their target price on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. B. Riley Financial upped their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.14.
Corsair Gaming Trading Down 3.4%
Shares of Corsair Gaming stock opened at $12.99 on Friday. Corsair Gaming, Inc. has a 12-month low of $4.48 and a 12-month high of $14.98. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 43.30 and a beta of 1.85. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $9.94 and its 200-day moving average price is $7.65.
Corsair Gaming (NASDAQ:CRSR – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.16. The company had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. Corsair Gaming’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS. On average, equities analysts expect that Corsair Gaming, Inc. will post 0.52 earnings per share for the current fiscal year.
Corsair Gaming Company Profile
Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.
The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.
Read More
- Five stocks we like better than Corsair Gaming
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for Corsair Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corsair Gaming and related companies with MarketBeat.com's FREE daily email newsletter.
