Versor Investments LP Has $746,000 Position in Corsair Gaming, Inc. $CRSR

Versor Investments LP increased its holdings in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 105.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 79,100 shares of the company’s stock after purchasing an additional 40,600 shares during the period. Versor Investments LP’s holdings in Corsair Gaming were worth $746,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its holdings in shares of Corsair Gaming by 206.3% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Corsair Gaming by 76.8% during 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 in the last quarter. Corton Capital Inc. bought a new position in shares of Corsair Gaming during the 1st quarter valued at about $118,000. Cerity Partners LLC lifted its position in 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 acquiring an additional 2,016 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Corsair Gaming in the 1st quarter valued at $148,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Down 0.5%

Shares of CRSR stock opened at $8.11 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Corsair Gaming, Inc. has a 1 year low of $5.64 and a 1 year high of $13.02. The firm’s fifty day moving average price is $8.44 and its two-hundred day moving average price is $8.62. The firm has a market capitalization of $859.98 million, a P/E ratio of -10.01 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $312.38 million. During the same period in the previous year, the business earned ($0.07) EPS. The company’s revenue was up 22.5% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. On average, equities analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CRSR shares. Craig Hallum started coverage on shares of Corsair Gaming in a research report on Wednesday, October 8th. They issued a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Corsair Gaming in a research report on Wednesday, October 8th. B. Riley started coverage on shares of Corsair Gaming in a research report on Thursday, October 2nd. They issued a “neutral” rating and a $10.00 price objective on the stock. Finally, Barclays raised shares of Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Corsair Gaming currently has an average rating of “Hold” and an average target price of $10.13.

Corsair Gaming 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.