Investor AB Makes New $741,000 Investment in Corsair Gaming, Inc. $CRSR

Investor AB acquired a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 124,711 shares of the company’s stock, valued at approximately $741,000. Corsair Gaming accounts for approximately 0.0% of Investor AB’s holdings, making the stock its 7th largest holding. Investor AB owned about 0.12% of Corsair Gaming at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Corsair Gaming during the 4th quarter worth about $37,000. BNP Paribas Financial Markets increased its holdings in shares of Corsair Gaming by 24.7% in the 2nd 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 during the period. Lazard Asset Management LLC acquired a new position in shares of Corsair Gaming in the 2nd quarter valued at about $97,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Corsair Gaming in the 3rd quarter valued at about $102,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRSR. Wall Street Zen downgraded Corsair Gaming from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Barclays upped their target price on Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Zacks Research downgraded Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings upgraded Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Wedbush upped their target price on Corsair Gaming from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.33.

Corsair Gaming Trading Up 1.1%

Shares of NASDAQ CRSR opened at $8.48 on Thursday. The stock has a market cap of $906.34 million, a price-to-earnings ratio of 106.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.74. The business has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $6.44. Corsair Gaming, Inc. has a 52 week low of $4.48 and a 52 week high of $13.10.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $354.51 million during the quarter, compared to analysts’ expectations of $351.58 million. Corsair Gaming had a return on equity of 9.71% and a net margin of 0.71%.The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, research analysts predict that Corsair Gaming, Inc. will post 0.46 earnings per share for the current fiscal 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.