Squarepoint Ops LLC Has $1.25 Million Holdings in Corsair Gaming, Inc. $CRSR

Key Points

• Squarepoint Ops LLC increased its Corsair Gaming stake by 601.1% in the second quarter, owning 129,513 shares valued at approximately $1.25 million. Institutional investors collectively hold 25.66% of the company.
• Corsair reported quarterly EPS of $0.23, beating the $0.07 analyst consensus, while revenue reached $314.33 million; however, revenue declined 1.8% year over year.
• The stock opened at $13.16, above its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $12.00, though ratings range from “Strong Buy” to “Sell.”

Squarepoint Ops LLC increased its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 601.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,513 shares of the company's stock after buying an additional 111,039 shares during the quarter. Squarepoint Ops LLC owned 0.12% of Corsair Gaming worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRSR. BlackRock Inc. bought a new stake in Corsair Gaming in the second quarter valued at $75,131,000. Palisade Capital Management LP bought a new position in shares of Corsair Gaming during the second quarter valued at $5,407,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Corsair Gaming in the 2nd quarter valued at $5,054,000. Bank of America Corp DE bought a new stake in shares of Corsair Gaming in the 2nd quarter worth about $3,638,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Corsair Gaming in the 2nd quarter worth about $2,867,000. Institutional investors and hedge funds own 25.66% of the company's stock.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $13.16 on Thursday. The stock has a 50-day simple moving average of $11.48 and a 200 day simple moving average of $8.77. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 43.87 and a beta of 1.88. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. Corsair Gaming, Inc. has a 12-month low of $4.48 and a 12-month high of $14.98.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.16. The firm had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS. On average, research analysts anticipate that Corsair Gaming, Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird set a $12.00 price target on shares of Corsair Gaming in a report on Friday, August 7th. The Goldman Sachs Group cut shares of Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 price objective on the stock. in a research note on Wednesday, August 19th. Wall Street Zen lowered shares of Corsair Gaming from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Roth Capital reiterated a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, Weiss Ratings raised Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Corsair Gaming presently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Corsair Gaming Profile

Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.

The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.

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