ArrowMark Colorado Holdings LLC Has $5.58 Million Stock Holdings in Corsair Gaming, Inc. $CRSR

ArrowMark Colorado Holdings LLC increased its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR) by 128.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 625,000 shares of the company’s stock after acquiring an additional 352,000 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.59% of Corsair Gaming worth $5,575,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Algert Global LLC raised its holdings in shares of Corsair Gaming by 21.2% in the third quarter. Algert Global LLC now owns 339,222 shares of the company’s stock valued at $3,026,000 after purchasing an additional 59,408 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Corsair Gaming by 6.6% in the third quarter. Alliancebernstein L.P. now owns 67,837 shares of the company’s stock valued at $605,000 after purchasing an additional 4,172 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in Corsair Gaming during the third quarter valued at $305,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Corsair Gaming during the 3rd quarter worth $3,877,000. Finally, Invesco Ltd. boosted its position in Corsair Gaming by 9.0% during the third quarter. Invesco Ltd. now owns 544,532 shares of the company’s stock worth $4,857,000 after purchasing an additional 44,777 shares during the period. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Stock Performance

CRSR opened at $5.32 on Monday. Corsair Gaming, Inc. has a one year low of $4.48 and a one year high of $10.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.54 and a quick ratio of 0.84. The business has a 50 day simple moving average of $5.55 and a two-hundred day simple moving average of $6.74. The firm has a market capitalization of $567.43 million, a price-to-earnings ratio of -40.92 and a beta of 1.53.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. The firm had revenue of $436.86 million for the quarter, compared to analyst estimates of $422.66 million. Corsair Gaming had a positive return on equity of 6.71% and a negative net margin of 0.87%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

CRSR has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Corsair Gaming in a research report on Tuesday, February 17th. Robert W. Baird set a $6.00 target price on Corsair Gaming in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Corsair Gaming in a research note on Monday, December 29th. B. Riley Financial increased their target price on Corsair Gaming from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Finally, Barclays decreased their price target on shares of Corsair Gaming from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.71.

About Corsair Gaming

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.