Nuveen LLC Takes $800,000 Position in Corsair Gaming, Inc. $CRSR

Nuveen LLC bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 90,249 shares of the company's stock, valued at approximately $800,000. Nuveen LLC owned approximately 0.09% of Corsair Gaming as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Palisade Capital Management LP increased its position in Corsair Gaming by 3.5% during the 1st quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company's stock worth $21,410,000 after purchasing an additional 81,376 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Corsair Gaming during the 4th quarter worth approximately $329,000. Squarepoint Ops LLC increased its position in Corsair Gaming by 324.6% during the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company's stock worth $418,000 after purchasing an additional 48,332 shares in the last quarter. Northern Trust Corp grew its position in Corsair Gaming by 19.5% in the fourth quarter. Northern Trust Corp now owns 490,622 shares of the company's stock valued at $3,243,000 after acquiring an additional 80,012 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Corsair Gaming during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 25.66% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRSR shares. Robert W. Baird set a $10.00 price objective on shares of Corsair Gaming in a research note on Wednesday, May 7th. The Goldman Sachs Group dropped 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 shares of Corsair Gaming to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Corsair Gaming from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.83.

Corsair Gaming Stock Up 2.8%

Corsair Gaming stock traded up $0.24 during mid-day trading on Thursday, reaching $8.96. The company's stock had a trading volume of 593,359 shares, compared to its average volume of 728,273. The business has a 50 day moving average price of $9.15 and a 200-day moving average price of $8.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $320.11 million during 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 firm's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Corsair Gaming has set its FY 2025 guidance at EPS. As a group, analysts expect 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.