Fuller & Thaler Asset Management Inc. Makes New $440,000 Investment in Corsair Gaming, Inc. $CRSR

Key Points

• Fuller & Thaler Asset Management Inc. acquired a new stake in Corsair Gaming, purchasing 49,645 shares valued at approximately $440,000 in the first quarter.
• Corsair Gaming reported quarterly earnings with a revenue of $320.11 million, exceeding analyst expectations, and a 22.5% revenue increase compared to the previous year.
• Analysts have varied opinions on Corsair Gaming, with ratings ranging from a strong-buy to a neutral rating, and an average price target of $9.83.

Fuller & Thaler Asset Management Inc. bought a new position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,645 shares of the company's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Versor Investments LP purchased a new stake in shares of Corsair Gaming in the 1st quarter valued at approximately $341,000. Algert Global LLC acquired a new stake in Corsair Gaming in the 1st quarter worth $204,000. American Century Companies Inc. bought a new position in shares of Corsair Gaming during the 1st quarter worth about $354,000. Fox Run Management L.L.C. bought a new position in Corsair Gaming during the 1st quarter valued at about $148,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Corsair Gaming by 26.2% in the first quarter. Public Sector Pension Investment Board now owns 142,785 shares of the company's stock worth $1,265,000 after acquiring an additional 29,669 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRSR shares. Barclays upgraded shares of Corsair Gaming to a "strong-buy" rating in a research report on Friday, August 8th. Robert W. Baird set a $10.00 price target on shares of Corsair Gaming in a research note on Wednesday, May 7th. 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. Wall Street Zen upgraded shares of Corsair Gaming from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Wedbush restated an "outperform" rating and set a $13.00 price target on shares of Corsair Gaming in a report on Monday, May 5th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.83.

Corsair Gaming Stock Down 0.3%

NASDAQ CRSR traded down $0.03 during mid-day trading on Wednesday, hitting $8.75. The company's stock had a trading volume of 97,555 shares, compared to its average volume of 878,506. 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 firm has a market capitalization of $927.32 million, a price-to-earnings ratio of -10.78 and a beta of 1.77. The company's 50 day simple moving average is $9.19 and its 200 day simple moving average is $9.05. Corsair Gaming, Inc. has a twelve month low of $5.59 and a twelve month high of $13.02.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 6.00% and a negative return on equity of 3.12%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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 year.

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.