Corsair Gaming, Inc. $CRSR Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Corsair Gaming by 124.4%, owning 102,690 shares valued at approximately $910,000.
• Various institutional investors have also adjusted their positions, with 25.66% of Corsair's stock now owned by institutional investors and hedge funds.
• Analysts have mixed opinions on Corsair Gaming, with target prices ranging from $8.00 to $13.00, indicating a generally supportive market outlook despite recent price fluctuations.

Jump Financial LLC lifted its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 124.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,690 shares of the company's stock after purchasing an additional 56,921 shares during the quarter. Jump Financial LLC owned about 0.10% of Corsair Gaming worth $910,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas acquired a new position in Corsair Gaming in the 4th quarter valued at about $33,000. Quarry LP purchased a new stake in shares of Corsair Gaming during the 4th quarter valued at approximately $34,000. BNP Paribas Financial Markets acquired a new position in Corsair Gaming in the fourth quarter valued at approximately $56,000. ProShare Advisors LLC purchased a new position in Corsair Gaming in the fourth quarter worth approximately $89,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Corsair Gaming during the fourth quarter worth $91,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Performance

NASDAQ CRSR traded up $0.11 during trading on Thursday, reaching $8.83. The company's stock had a trading volume of 313,038 shares, compared to its average volume of 871,324. The business's fifty day moving average price is $9.15 and its 200-day moving average price is $8.98. Corsair Gaming, Inc. has a twelve month low of $5.59 and a twelve month high of $13.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. The firm has a market cap of $935.78 million, a price-to-earnings ratio of -10.89 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $312.38 million. During the same quarter last year, the company posted ($0.07) earnings per share. The business's revenue was up 22.5% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRSR. Robert W. Baird set a $10.00 price objective on shares of Corsair Gaming in a report on Wednesday, May 7th. Barclays raised Corsair Gaming to a "strong-buy" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Corsair Gaming from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.83.

Corsair Gaming Company 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.