Vontobel Holding Ltd. Acquires 1,390 Shares of Corsair Gaming, Inc. $CRSR

Vontobel Holding Ltd. boosted its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,322 shares of the company’s stock after acquiring an additional 1,390 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corsair Gaming were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CRSR. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Corsair Gaming in the 4th quarter valued at $91,000. CWM LLC boosted its stake in shares of Corsair Gaming by 206.3% in the 1st quarter. CWM LLC now owns 11,471 shares of the company’s stock valued at $102,000 after purchasing an additional 7,726 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Corsair Gaming by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 11,874 shares of the company’s stock valued at $105,000 after purchasing an additional 5,158 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Corsair Gaming in the 1st quarter valued at $118,000. Finally, Cerity Partners LLC boosted its stake 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 valued at $127,000 after purchasing an additional 2,016 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Stock Performance

CRSR opened at $8.00 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $8.61 and its two-hundred day moving average price is $8.47. Corsair Gaming, Inc. has a 1-year low of $5.64 and a 1-year high of $13.02. The company has a market cap of $848.32 million, a price-to-earnings ratio of -9.88 and a beta of 1.76.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share 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 for the quarter, compared to the consensus estimate of $312.38 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. On average, analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRSR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Corsair Gaming in a research note on Wednesday, October 8th. 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 initiated coverage on shares of Corsair Gaming in a research report on Thursday, October 2nd. They set a “neutral” rating and a $10.00 target price on the stock. Barclays upgraded shares of Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. Finally, Craig Hallum initiated coverage on shares of Corsair Gaming in a research report on Wednesday, October 8th. They set a “buy” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Corsair Gaming currently has a consensus rating of “Hold” and a consensus price target of $10.13.

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.