WINTON GROUP Ltd Sells 314,841 Shares of Corsair Gaming, Inc. $CRSR

Key Points

• WINTON GROUP Ltd cut its Corsair Gaming position by 75.5% in the second quarter, selling 314,841 shares and retaining 102,175 shares valued at approximately $988,000.
• Analyst sentiment remains mixed but leans positive: Corsair has a consensus rating of “Moderate Buy” and an average price target of $12, with targets ranging from Goldman Sachs’ $11 sell-rated view to Wedbush’s $13 outperform rating.
• Corsair reported quarterly earnings of $0.23 per share, beating the $0.07 consensus estimate, while revenue of $314.33 million modestly exceeded expectations but declined 1.8% year over year.

WINTON GROUP Ltd decreased its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 75.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,175 shares of the company's stock after selling 314,841 shares during the quarter. WINTON GROUP Ltd owned approximately 0.09% of Corsair Gaming worth $988,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Corsair Gaming during the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in shares of Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company's stock valued at $49,000 after purchasing an additional 3,681 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Corsair Gaming in the 1st quarter worth approximately $56,000. Quantbot Technologies LP bought a new position in shares of Corsair Gaming in the 2nd quarter worth approximately $56,000. Finally, R Squared Ltd purchased a new position in shares of Corsair Gaming in the first quarter worth approximately $58,000. Institutional investors own 25.66% of the company's stock.

Wall Street Analyst Weigh In

CRSR has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 target price for the company. in a research report on Wednesday, August 19th. Wedbush lifted their price target on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. Craig Hallum reissued a "hold" rating on shares of Corsair Gaming in a research report on Friday, August 7th. Finally, Zacks Research upgraded Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $13.54 on Monday. Corsair Gaming, Inc. has a 12-month low of $4.48 and a 12-month high of $14.98. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 45.13 and a beta of 1.88. The firm has a 50 day moving average of $11.23 and a 200 day moving average of $8.61. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16. The business had revenue of $314.33 million for the quarter, compared to the consensus estimate 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 for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. 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. As a group, research analysts predict that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.

Corsair Gaming Company 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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