Teacher Retirement System of Texas Invests $509,000 in Corsair Gaming, Inc. $CRSR

Teacher Retirement System of Texas purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 53,938 shares of the company’s stock, valued at approximately $509,000. Teacher Retirement System of Texas owned approximately 0.05% of Corsair Gaming at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CRSR. CWM LLC lifted its stake in shares of Corsair Gaming by 153.9% during the second quarter. CWM LLC now owns 29,127 shares of the company’s stock valued at $275,000 after acquiring an additional 17,656 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Corsair Gaming by 3.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 45,322 shares of the company’s stock valued at $427,000 after purchasing an additional 1,390 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Corsair Gaming by 8.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 27,079 shares of the company’s stock valued at $254,000 after purchasing an additional 2,133 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Corsair Gaming during the 2nd quarter worth approximately $317,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Corsair Gaming by 78.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,585 shares of the company’s stock worth $332,000 after buying an additional 15,227 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

CRSR has been the topic of a number of recent research reports. B. Riley reduced their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Corsair Gaming in a research report on Wednesday, October 8th. Wedbush dropped their price objective on Corsair Gaming from $13.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Macquarie cut their target price on Corsair Gaming from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, Barclays decreased their target price on Corsair Gaming from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Corsair Gaming currently has an average rating of “Hold” and an average price target of $9.29.

Corsair Gaming Price Performance

Shares of CRSR opened at $6.55 on Monday. The stock has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $8.64. Corsair Gaming, Inc. has a 52-week low of $5.64 and a 52-week high of $13.02. 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 firm has a market capitalization of $698.03 million, a PE ratio of -19.26 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Corsair Gaming had a negative net margin of 2.46% and a positive return on equity of 3.37%. The firm had revenue of $320.11 million for the quarter, compared to analyst estimates of $312.38 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. Sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

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.