Charles Schwab Investment Management Inc. Grows Stake in Corsair Gaming, Inc. $CRSR

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Corsair Gaming by 9.9%, owning 437,327 shares valued at $3.875 million at the end of the recent quarter.
• A range of institutional investors have also acquired new positions in Corsair Gaming, with hedge funds collectively owning approximately 25.66% of the company’s stock.
• Analysts have mixed ratings for Corsair Gaming, with Goldman Sachs lowering its price target to $8.00, while other firms have issued a "strong-buy" or maintained positive outlooks.

Charles Schwab Investment Management Inc. increased its stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 437,327 shares of the company's stock after purchasing an additional 39,526 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.41% of Corsair Gaming worth $3,875,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC bought a new position in shares of Corsair Gaming in the fourth quarter worth about $142,000. Wells Fargo & Company MN increased its holdings in Corsair Gaming by 22.6% in the 4th quarter. Wells Fargo & Company MN now owns 30,543 shares of the company's stock worth $202,000 after acquiring an additional 5,626 shares in the last quarter. Barclays PLC raised its stake in Corsair Gaming by 10.3% during the 4th quarter. Barclays PLC now owns 87,099 shares of the company's stock worth $575,000 after acquiring an additional 8,166 shares during the period. MetLife Investment Management LLC raised its stake in Corsair Gaming by 28.0% during the 4th quarter. MetLife Investment Management LLC now owns 31,956 shares of the company's stock worth $211,000 after acquiring an additional 6,985 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Corsair Gaming by 7.0% during the fourth quarter. Stifel Financial Corp now owns 229,507 shares of the company's stock valued at $1,517,000 after purchasing an additional 14,943 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays raised shares of Corsair Gaming to a "strong-buy" rating in a research note on Friday, August 8th. Wedbush reiterated an "outperform" rating and issued a $13.00 price target on shares of Corsair Gaming in a research note on Monday, May 5th. Wall Street Zen upgraded Corsair Gaming from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group dropped their price objective on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Robert W. Baird set a $10.00 target price on Corsair Gaming in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.83.

Corsair Gaming Price Performance

NASDAQ CRSR traded down $0.28 during trading on Tuesday, hitting $8.66. 231,037 shares of the stock traded hands, compared to its average volume of 874,549. 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, Inc. has a 12-month low of $5.59 and a 12-month high of $13.02. The firm has a 50-day simple moving average of $9.17 and a 200-day simple moving average of $8.99. The company has a market capitalization of $917.78 million, a P/E ratio of -10.69 and a beta of 1.77.

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

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.