American Century Companies Inc. Buys Shares of 39,943 Corsair Gaming, Inc. $CRSR

Key Points

• American Century Companies Inc. has made a new investment in Corsair Gaming, Inc., acquiring 39,943 shares valued at approximately $354,000.
• Several institutional investors, including Price T Rowe Associates and Northern Trust Corp, have increased their stakes in Corsair Gaming, indicating growing interest in the company.
• Analysts have given Corsair Gaming a consensus rating of "Moderate Buy" with an average target price of $9.83, following upgrades from firms like Barclays.

American Century Companies Inc. purchased a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,943 shares of the company's stock, valued at approximately $354,000.

Other hedge funds also recently bought and sold shares of the company. Palisade Capital Management LP increased its holdings in Corsair Gaming by 3.5% during the 1st quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company's stock valued at $21,410,000 after purchasing an additional 81,376 shares during the period. Point72 Asset Management L.P. purchased a new position in Corsair Gaming during the 4th quarter valued at about $329,000. Squarepoint Ops LLC increased its holdings in Corsair Gaming by 324.6% during the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company's stock valued at $418,000 after purchasing an additional 48,332 shares during the period. Northern Trust Corp increased its holdings in Corsair Gaming by 19.5% during the 4th quarter. Northern Trust Corp now owns 490,622 shares of the company's stock valued at $3,243,000 after purchasing an additional 80,012 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Corsair Gaming during the 4th quarter valued at about $200,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Up 3.9%

Shares of NASDAQ:CRSR traded up $0.34 during trading on Thursday, hitting $9.10. The stock had a trading volume of 853,985 shares, compared to its average volume of 630,788. Corsair Gaming, Inc. has a 12 month low of $5.64 and a 12 month high of $13.02. The company has a market capitalization of $964.96 million, a PE ratio of -11.23 and a beta of 1.77. The firm's fifty day moving average is $9.07 and its 200 day moving average is $8.84. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The firm had revenue of $320.11 million during the quarter, compared to analyst estimates of $312.38 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The business's revenue was up 22.5% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. Analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

CRSR has been the topic of a number of research analyst reports. Wall Street Zen upgraded Corsair Gaming from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Barclays upgraded Corsair Gaming to a "strong-buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.83.

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.