Thi La Purchases 50,000 Shares of Corsair Gaming (NASDAQ:CRSR) Stock

Corsair Gaming, Inc. (NASDAQ:CRSR) CEO Thi La bought 50,000 shares of Corsair Gaming stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $6.10 per share, with a total value of $305,000.00. Following the acquisition, the chief executive officer directly owned 480,726 shares of the company’s stock, valued at approximately $2,932,428.60. This represents a 11.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $6.14 on Friday. Corsair Gaming, Inc. has a 1-year low of $5.35 and a 1-year high of $13.02. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $654.37 million, a price-to-earnings ratio of -18.06 and a beta of 1.84. The stock’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $8.50.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Corsair Gaming had a positive return on equity of 3.37% and a negative net margin of 2.46%.The business had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $354.04 million. During the same period in the prior year, the company posted ($0.29) earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Macquarie decreased their price target on shares of Corsair Gaming from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Corsair Gaming from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Craig Hallum set a $10.00 target price on shares of Corsair Gaming in a research note on Wednesday, November 5th. B. Riley dropped their price target 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. Finally, Wedbush cut 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. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.29.

Institutional Trading of Corsair Gaming

Several large investors have recently added to or reduced their stakes in the business. Jump Financial LLC lifted its stake in shares of Corsair Gaming by 124.4% in the 1st quarter. Jump Financial LLC now owns 102,690 shares of the company’s stock valued at $910,000 after purchasing an additional 56,921 shares during the last quarter. American Century Companies Inc. bought a new position in Corsair Gaming during the first quarter valued at about $354,000. Goldman Sachs Group Inc. raised its holdings in Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock valued at $3,985,000 after buying an additional 204,351 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Corsair Gaming in the first quarter worth about $7,772,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Corsair Gaming in the second quarter worth about $560,000. 25.66% of the stock is owned by institutional investors.

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.