Maryland State Retirement & Pension System Sells 1,701 Shares of Corsair Gaming, Inc. $CRSR

Maryland State Retirement & Pension System reduced its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,515 shares of the company’s stock after selling 1,701 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Corsair Gaming were worth $120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRSR. Invesco Ltd. boosted its stake in Corsair Gaming by 28.4% in the fourth quarter. Invesco Ltd. now owns 578,749 shares of the company’s stock worth $3,826,000 after buying an additional 127,948 shares in the last quarter. Palisade Capital Management LP boosted its stake in shares of Corsair Gaming by 3.5% in the 1st quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company’s stock valued at $21,410,000 after purchasing an additional 81,376 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Corsair Gaming in the 4th quarter worth $329,000. Squarepoint Ops LLC raised its position in Corsair Gaming by 324.6% in the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company’s stock worth $418,000 after purchasing an additional 48,332 shares during the period. Finally, Northern Trust Corp lifted its stake in Corsair Gaming by 19.5% in the fourth quarter. Northern Trust Corp now owns 490,622 shares of the company’s stock worth $3,243,000 after purchasing an additional 80,012 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Down 0.7%

Shares of Corsair Gaming stock opened at $8.46 on Wednesday. Corsair Gaming, Inc. has a 1 year low of $5.59 and a 1 year high of $13.02. 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 company has a 50-day moving average of $9.26 and a 200 day moving average of $9.08. The firm has a market cap of $897.07 million, a price-to-earnings ratio of -10.44 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. The business had revenue of $320.11 million during the quarter, compared to the consensus estimate of $312.38 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRSR shares. Robert W. Baird set a $10.00 target price on Corsair Gaming in a research note on Wednesday, May 7th. Wall Street Zen raised Corsair Gaming from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. Barclays raised shares of Corsair Gaming to a “strong-buy” rating in a research note on Friday, August 8th. Wedbush reissued an “outperform” rating and set a $13.00 price target on shares of Corsair Gaming in a research report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Corsair Gaming has an average rating of “Moderate Buy” and an average target price 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.