Counterpoint Mutual Funds LLC Buys New Shares in Corsair Gaming, Inc. $CRSR

Key Points

• Counterpoint Mutual Funds LLC purchased 33,602 shares of Corsair Gaming, valued at approximately $317,000, during the second quarter as part of its investment strategy.
• Corsair Gaming's stock has experienced a decline of 2.4% recently, with shares trading at $8.65 and a market capitalization of $917.25 million.
• The company's latest earnings report showed a 22.5% year-over-year revenue growth reaching $320.11 million, though it reported a net margin of -6.00% and earnings per share of $0.01.

Counterpoint Mutual Funds LLC bought a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,602 shares of the company's stock, valued at approximately $317,000.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Corsair Gaming during the 4th quarter valued at $56,000. ProShare Advisors LLC purchased a new position in shares of Corsair Gaming during the 4th quarter valued at $89,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Corsair Gaming during the 4th quarter valued at $91,000. CWM LLC lifted its stake in shares of Corsair Gaming by 206.3% during the 1st quarter. CWM LLC now owns 11,471 shares of the company's stock valued at $102,000 after buying an additional 7,726 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Corsair Gaming by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 11,874 shares of the company's stock valued at $105,000 after buying an additional 5,158 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Down 2.4%

Shares of NASDAQ CRSR opened at $8.65 on Thursday. The firm's 50-day moving average price is $8.91 and its 200-day moving average price is $8.68. 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 stock has a market capitalization of $917.25 million, a price-to-earnings ratio of -10.68 and a beta of 1.77. Corsair Gaming, Inc. has a 12-month low of $5.64 and a 12-month high of $13.02.

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, meeting the consensus estimate of $0.01. The firm had revenue of $320.11 million for the quarter, compared to analysts' expectations of $312.38 million. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. The business's revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

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

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