Vanguard Group Inc. Purchases 269,193 Shares of Corsair Gaming, Inc. $CRSR

Key Points

• Vanguard Group Inc. increased its stake in Corsair Gaming by 4.0% in Q3, buying 269,193 shares to hold 6,916,703 shares (about 6.49% of the company) worth roughly $61.7 million.
• Corsair beat expectations with quarterly EPS of $0.43 (vs. $0.26 est.) and revenue of $436.9 million, up 5.6% year‑over‑year, despite a slight negative net margin of -0.87%.
• Analysts show a consensus rating of Moderate Buy with an average price target of $7.71, though individual ratings and targets vary.

Vanguard Group Inc. lifted its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,916,703 shares of the company's stock after acquiring an additional 269,193 shares during the quarter. Vanguard Group Inc. owned approximately 6.49% of Corsair Gaming worth $61,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRSR. Ameritas Investment Partners Inc. increased its holdings in Corsair Gaming by 30.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,765 shares of the company's stock worth $45,000 after purchasing an additional 1,120 shares in the last quarter. State of Alaska Department of Revenue raised its position in Corsair Gaming by 5.1% in the third quarter. State of Alaska Department of Revenue now owns 28,459 shares of the company's stock valued at $253,000 after purchasing an additional 1,380 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Corsair Gaming by 24.7% during the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company's stock valued at $74,000 after purchasing an additional 1,551 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company's stock worth $1,155,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company's stock worth $452,000 after purchasing an additional 2,246 shares during the last quarter. Institutional investors own 25.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Corsair Gaming from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, February 13th. Wall Street Zen raised shares of Corsair Gaming from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 21st. Wedbush restated an "outperform" rating and issued a $7.00 price target on shares of Corsair Gaming in a research report on Tuesday, February 17th. B. Riley Financial raised their price target on shares of Corsair Gaming from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, February 13th. Finally, Robert W. Baird set a $6.00 price objective on shares of Corsair Gaming in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.71.

Corsair Gaming Price Performance

Corsair Gaming stock opened at $5.95 on Friday. The stock's 50 day moving average is $5.59 and its 200 day moving average is $6.87. Corsair Gaming, Inc. has a one year low of $4.48 and a one year high of $11.42. The firm has a market cap of $634.63 million, a P/E ratio of -45.77 and a beta of 1.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.54 and a quick ratio of 0.84.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.17. Corsair Gaming had a negative net margin of 0.87% and a positive return on equity of 6.71%. The business had revenue of $436.86 million during the quarter, compared to the consensus estimate of $422.66 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

About Corsair Gaming

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company's solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.

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