Goldman Sachs Group Inc. Raises Holdings in Corsair Gaming, Inc. $CRSR

Goldman Sachs Group Inc. raised its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 83.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 449,779 shares of the company’s stock after purchasing an additional 204,351 shares during the period. Goldman Sachs Group Inc. owned approximately 0.43% of Corsair Gaming worth $3,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Palisade Capital Management LP lifted its holdings in shares of Corsair Gaming by 3.5% during 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 during the period. Point72 Asset Management L.P. bought a new position in shares of Corsair Gaming during the 4th quarter valued at $329,000. Squarepoint Ops LLC lifted its holdings in shares of Corsair Gaming by 324.6% during the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company’s stock valued at $418,000 after buying an additional 48,332 shares during the period. Jump Financial LLC lifted its holdings in shares of Corsair Gaming by 124.4% during the 1st quarter. Jump Financial LLC now owns 102,690 shares of the company’s stock valued at $910,000 after buying an additional 56,921 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Corsair Gaming by 19.5% during 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 during the period. 25.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRSR. Wall Street Zen raised Corsair Gaming from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Barclays raised Corsair Gaming to a “strong-buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.83.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $8.51 on Thursday. The company has a 50 day moving average price of $9.00 and a 200-day moving average price of $8.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. Corsair Gaming, Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $13.02. The company has a market capitalization of $902.40 million, a PE ratio of -10.51 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly 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 in the previous year, the firm posted ($0.07) earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

About Corsair Gaming

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.