Bank of America Corp DE Has $1.28 Million Stock Holdings in Corsair Gaming, Inc. $CRSR

Key Points

• Bank of America increased its Corsair Gaming position by 149.5% in the first quarter, ending with 230,700 shares valued at approximately $1.28 million. Institutional investors and hedge funds collectively own 25.66% of CRSR.
• Analyst sentiment is generally positive, with Corsair receiving a “Moderate Buy” consensus rating and an average price target of $12.00; Barclays raised its target to $15.00 and Roth Capital maintained a $16.00 target.
• Corsair reported quarterly EPS of $0.23, substantially exceeding the $0.07 consensus estimate, while revenue reached $314.33 million. The stock opened at $12.72 and has traded between $4.48 and $14.98 over the past year.

Bank of America Corp DE grew its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 149.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,700 shares of the company's stock after purchasing an additional 138,242 shares during the quarter. Bank of America Corp DE owned approximately 0.22% of Corsair Gaming worth $1,280,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company's stock valued at $74,000 after purchasing an additional 1,551 shares during the period. Legal & General Group Plc grew its stake in Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company's stock worth $1,155,000 after purchasing an additional 1,592 shares during the period. Prudential Financial Inc. increased its holdings in Corsair Gaming by 4.9% in the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company's stock worth $452,000 after purchasing an additional 2,246 shares in the last quarter. Optimize Financial Inc increased its holdings in Corsair Gaming by 1.5% in the fourth quarter. Optimize Financial Inc now owns 158,745 shares of the company's stock worth $943,000 after purchasing an additional 2,284 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Corsair Gaming by 15.8% in the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company's stock valued at $238,000 after buying an additional 3,454 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRSR. Barclays lifted their price objective on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. B. Riley Financial raised their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Roth Capital reaffirmed a "buy" rating and issued a $16.00 price target on shares of Corsair Gaming in a research note on Friday, August 7th. Zacks Research upgraded shares of Corsair Gaming from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 7th. Finally, Wall Street Zen cut shares of Corsair Gaming from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Corsair Gaming Stock Down 0.4%

CRSR stock opened at $12.72 on Friday. The company's 50 day moving average is $10.88 and its 200 day moving average is $8.35. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 42.40 and a beta of 1.88. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. Corsair Gaming, Inc. has a 1-year low of $4.48 and a 1-year high of $14.98.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.16. The company had revenue of $314.33 million for the quarter, compared to analysts' expectations of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.Corsair Gaming's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 EPS. 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. Sell-side analysts predict that Corsair Gaming, Inc. will post 0.66 EPS 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.

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