GAMMA Investing LLC Has $87,000 Stock Holdings in Corsair Gaming, Inc. $CRSR

GAMMA Investing LLC cut its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 22.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,221 shares of the company’s stock after selling 2,653 shares during the period. GAMMA Investing LLC’s holdings in Corsair Gaming were worth $87,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRSR. Cerity Partners LLC lifted its position in shares of Corsair Gaming by 16.4% in the 1st quarter. Cerity Partners LLC now owns 14,333 shares of the company’s stock worth $127,000 after purchasing an additional 2,016 shares during the period. Principal Financial Group Inc. lifted its position in shares of Corsair Gaming by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 224,338 shares of the company’s stock worth $1,988,000 after purchasing an additional 5,596 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Corsair Gaming by 40.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,358 shares of the company’s stock worth $172,000 after purchasing an additional 5,614 shares during the period. CWM LLC lifted its position in shares of Corsair Gaming by 206.3% in the 1st quarter. CWM LLC now owns 11,471 shares of the company’s stock worth $102,000 after purchasing an additional 7,726 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Corsair Gaming by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,263 shares of the company’s stock worth $365,000 after purchasing an additional 8,545 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $7.97 on Friday. The firm has a market capitalization of $845.14 million, a PE ratio of -9.84 and a beta of 1.76. The firm has a fifty day simple moving average of $8.81 and a two-hundred day simple moving average of $8.59. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Corsair Gaming, Inc. has a 12 month low of $5.64 and a 12 month high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $312.38 million. During the same quarter in the prior year, the business posted ($0.07) EPS. The business’s revenue was up 22.5% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. Analysts forecast that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRSR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Corsair Gaming from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. B. Riley assumed coverage on shares of Corsair Gaming in a research report on Thursday. They issued a “neutral” rating and a $10.00 price target on the stock. Finally, Barclays upgraded shares of Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.86.

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.