Nuveen LLC Makes New Investment in Corsair Gaming, Inc. $CRSR

Nuveen LLC bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 90,249 shares of the company’s stock, valued at approximately $800,000. Nuveen LLC owned approximately 0.09% of Corsair Gaming as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Corsair Gaming by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,101,154 shares of the company’s stock valued at $54,056,000 after buying an additional 287,795 shares in the last quarter. Palisade Capital Management LP lifted its stake in 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 buying an additional 81,376 shares in the last quarter. Northern Trust Corp lifted its stake in Corsair Gaming by 19.5% in the 4th quarter. Northern Trust Corp now owns 490,622 shares of the company’s stock valued at $3,243,000 after buying an additional 80,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Corsair Gaming by 9.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,327 shares of the company’s stock valued at $3,875,000 after buying an additional 39,526 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Corsair Gaming by 7.0% in the 4th quarter. Stifel Financial Corp now owns 229,507 shares of the company’s stock valued at $1,517,000 after buying an additional 14,943 shares in the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Corsair Gaming from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group decreased their target price on shares of Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Barclays raised shares of Corsair Gaming to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a research note on Wednesday, May 7th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.83.

Corsair Gaming Stock Down 3.0%

Corsair Gaming stock opened at $8.66 on Wednesday. Corsair Gaming, Inc. has a fifty-two week low of $5.59 and a fifty-two week high of $13.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. The firm has a 50 day moving average price of $9.16 and a 200 day moving average price of $8.98. The company has a market capitalization of $918.31 million, a PE ratio of -10.69 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. The firm 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) EPS. The firm’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. Research analysts expect that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Corsair Gaming Company 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.