AE Wealth Management LLC Invests $98,000 in Corsair Gaming, Inc. $CRSR

AE Wealth Management LLC purchased a new position in Corsair Gaming, Inc. (NASDAQ:CRSR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,445 shares of the company’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jump Financial LLC lifted its stake in Corsair Gaming by 124.4% in the first quarter. Jump Financial LLC now owns 102,690 shares of the company’s stock worth $910,000 after acquiring an additional 56,921 shares during the period. American Century Companies Inc. purchased a new position in Corsair Gaming during the 1st quarter valued at $354,000. Goldman Sachs Group Inc. raised its holdings in Corsair Gaming by 83.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after purchasing an additional 204,351 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Corsair Gaming in the 1st quarter worth about $7,772,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Corsair Gaming by 9.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,327 shares of the company’s stock worth $3,875,000 after purchasing an additional 39,526 shares during the period. Institutional investors own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

CRSR has been the subject of a number of research analyst reports. Barclays lowered their target price on Corsair Gaming from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Corsair Gaming in a report on Thursday, November 13th. Macquarie lowered their price objective on Corsair Gaming from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. B. Riley dropped their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Craig Hallum set a $10.00 target price on shares of Corsair Gaming in a research report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.29.

Corsair Gaming Trading Down 0.5%

Shares of NASDAQ:CRSR opened at $5.74 on Wednesday. The stock has a market capitalization of $611.74 million, a price-to-earnings ratio of -16.88 and a beta of 1.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 1.48. The stock’s 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $8.58. Corsair Gaming, Inc. has a 52-week low of $5.61 and a 52-week high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Corsair Gaming had a negative net margin of 2.46% and a positive return on equity of 3.37%. The business had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $354.04 million. During the same period in the previous year, the company earned ($0.29) EPS. Corsair Gaming’s revenue for the quarter was up 13.7% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. Analysts expect that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Insider Transactions at Corsair Gaming

In other Corsair Gaming news, Director Samuel R. Szteinbaum bought 100,000 shares of Corsair Gaming stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $6.59 per share, with a total value of $659,000.00. Following the completion of the acquisition, the director owned 420,267 shares in the company, valued at approximately $2,769,559.53. This represents a 31.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 58.38% of the company’s stock.

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.