Landscape Capital Management L.L.C. Has $2.08 Million Position in Corsair Gaming, Inc. $CRSR

Key Points

• Landscape Capital Management L.L.C. increased its stake in Corsair Gaming, Inc. by 62.6%, owning approximately 234,215 shares valued at $2,075,000.
• Several prominent investors, including PEAK6 LLC and Sunriver Management LLC, made significant investments in Corsair Gaming during the first quarter of 2023.
• Corsair Gaming reported revenue of $320.11 million for the last quarter, exceeding analysts' expectations and showcasing a 22.5% year-over-year growth.

Landscape Capital Management L.L.C. boosted its stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 62.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,215 shares of the company's stock after purchasing an additional 90,147 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.22% of Corsair Gaming worth $2,075,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Palisade Capital Management LP raised its position in shares of Corsair Gaming by 3.5% in the 1st quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company's stock worth $21,410,000 after buying an additional 81,376 shares during the period. Point72 Asset Management L.P. acquired a new stake in Corsair Gaming during the 4th quarter worth approximately $329,000. Squarepoint Ops LLC lifted its holdings in shares of 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 acquiring an additional 48,332 shares in the last quarter. Northern Trust Corp boosted its position in Corsair Gaming by 19.5% during the 4th quarter. Northern Trust Corp now owns 490,622 shares of the company's stock worth $3,243,000 after purchasing an additional 80,012 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Corsair Gaming in the 4th quarter valued at $200,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Stock Up 0.1%

Shares of CRSR stock traded up $0.01 during trading hours on Wednesday, hitting $8.67. 109,924 shares of the company were exchanged, compared to its average volume of 872,414. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $13.02. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $9.16 and a two-hundred day moving average of $8.98. The company has a market capitalization of $918.84 million, a PE ratio of -10.70 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, meeting the consensus estimate of $0.01. The firm had revenue of $320.11 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. Analysts anticipate that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Corsair Gaming from a "hold" rating to a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group reduced their price objective on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Barclays upgraded Corsair Gaming to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Robert W. Baird set a $10.00 price objective on Corsair Gaming in a research note on Wednesday, May 7th. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.