Versor Investments LP Makes New $341,000 Investment in Corsair Gaming, Inc. $CRSR

Key Points

• Versor Investments LP has purchased 38,500 shares of Corsair Gaming, valued at approximately $341,000, marking a new investment in the company.
• Corsair Gaming recently reported earnings of $0.01 per share, meeting analysts' expectations, and achieved a revenue of $320.11 million, up 22.5% year-over-year.
• Analysts have mixed views on Corsair Gaming, with price targets ranging from $8.00 to $13.00, reflecting a general consensus rating of "Moderate Buy."

Versor Investments LP acquired a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 38,500 shares of the company's stock, valued at approximately $341,000.

Several other institutional investors also recently bought and sold shares of CRSR. Vanguard Group Inc. grew its position in Corsair Gaming by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 6,101,154 shares of the company's stock valued at $54,056,000 after purchasing an additional 287,795 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Corsair Gaming during the 4th quarter valued at about $1,503,000. Invesco Ltd. grew its position in Corsair Gaming by 28.4% during the 4th quarter. Invesco Ltd. now owns 578,749 shares of the company's stock valued at $3,826,000 after purchasing an additional 127,948 shares during the last quarter. GAMMA Investing LLC grew its position in Corsair Gaming by 1,466.5% during the 1st quarter. GAMMA Investing LLC now owns 105,204 shares of the company's stock valued at $932,000 after purchasing an additional 98,488 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Corsair Gaming during the 1st quarter valued at about $800,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Performance

Shares of CRSR traded up $0.07 on Wednesday, reaching $8.84. The company's stock had a trading volume of 469,894 shares, compared to its average volume of 715,105. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.75. The stock has a market capitalization of $937.39 million, a P/E ratio of -10.91 and a beta of 1.77. The stock's 50 day simple moving average is $9.18 and its two-hundred day simple moving average is $9.05. Corsair Gaming, Inc. has a 12-month low of $5.59 and a 12-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 company 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 firm's revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. Corsair Gaming has set its FY 2025 guidance at EPS. Research analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRSR has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen raised shares of Corsair Gaming from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Robert W. Baird set a $10.00 price target on shares of Corsair Gaming in a report on Wednesday, May 7th. Barclays raised shares of Corsair Gaming to a "strong-buy" rating in a report on Friday, August 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $13.00 price target on shares of Corsair Gaming in a report on Monday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from 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.