XTX Topco Ltd Has $465,000 Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Key Points

• XTX Topco Ltd increased its holdings in Corsair Gaming, Inc. by 147.7% during the first quarter, bringing its total to 52,442 shares valued at approximately $465,000.
• Corsair Gaming reported revenues of $320.11 million in its latest quarter, surpassing the consensus estimate and marking a 22.5% increase year-over-year.
• Analysts have rated Corsair Gaming with an average of "Moderate Buy" and a consensus price target of $9.83, reflecting mixed outlooks from different financial institutions.

XTX Topco Ltd boosted its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 147.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,442 shares of the company's stock after acquiring an additional 31,271 shares during the quarter. XTX Topco Ltd's holdings in Corsair Gaming were worth $465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas bought a new position in Corsair Gaming during the fourth quarter valued at approximately $33,000. Quarry LP bought a new position in Corsair Gaming during the fourth quarter valued at approximately $34,000. KLP Kapitalforvaltning AS bought a new position in Corsair Gaming during the fourth quarter valued at approximately $50,000. Quadrant Capital Group LLC raised its position in Corsair Gaming by 45.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after acquiring an additional 2,538 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Corsair Gaming during the fourth quarter valued at approximately $56,000. Institutional investors own 25.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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 research report on Thursday, May 8th. Wall Street Zen raised shares of Corsair Gaming from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Robert W. Baird set a $10.00 price target on shares of Corsair Gaming in a research report on Wednesday, May 7th. Barclays dropped their price target on shares of Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Wedbush reissued an "outperform" rating and issued a $13.00 price target on shares of Corsair Gaming in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.83.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock traded up $0.31 during midday trading on Tuesday, hitting $9.34. The company had a trading volume of 169,488 shares, compared to its average volume of 890,510. The business's 50 day simple moving average is $9.31 and its two-hundred day simple moving average is $9.09. The stock has a market cap of $990.63 million, a PE ratio of -11.55 and a beta of 1.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.75. Corsair Gaming, Inc. has a 1-year low of $5.59 and a 1-year high of $13.02.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business 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%. Corsair Gaming's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) earnings per share. As a group, equities analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

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.