Corsair Gaming (NASDAQ:CRSR) Research Coverage Started at B. Riley

B. Riley started coverage on shares of Corsair Gaming (NASDAQ:CRSR) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $10.00 price objective on the stock.

CRSR has been the topic of a number of other 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. Barclays upgraded shares of Corsair Gaming to a “strong-buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.86.

Corsair Gaming Stock Performance

NASDAQ CRSR opened at $8.03 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Corsair Gaming has a 52-week low of $5.64 and a 52-week high of $13.02. The business’s 50-day moving average price is $8.78 and its 200 day moving average price is $8.58. The firm has a market cap of $851.50 million, a P/E ratio of -9.91 and a beta of 1.76.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The firm had revenue of $320.11 million during the quarter, compared to the consensus estimate of $312.38 million. During the same period in the prior year, the business earned ($0.07) EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Corsair Gaming will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Corsair Gaming

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Palisade Capital Management LP lifted its stake in shares of Corsair Gaming by 3.5% in the first 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 during the period. Jump Financial LLC increased its holdings in Corsair Gaming by 124.4% in the first 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 in the last quarter. Squarepoint Ops LLC lifted its position 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 acquiring an additional 48,332 shares during the period. American Century Companies Inc. purchased a new stake in shares of Corsair Gaming during the 1st quarter worth approximately $354,000. Finally, Two Sigma Investments LP grew its holdings in shares of Corsair Gaming by 230.2% in the 4th quarter. Two Sigma Investments LP now owns 62,640 shares of the company’s stock worth $414,000 after acquiring an additional 43,668 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.

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.