Counterpoint Mutual Funds LLC Makes New Investment in Corsair Gaming, Inc. $CRSR

Counterpoint Mutual Funds LLC bought a new position in Corsair Gaming, Inc. (NASDAQ:CRSR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 33,602 shares of the company’s stock, valued at approximately $317,000.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in Corsair Gaming in the 4th quarter worth about $56,000. CWM LLC grew its stake in Corsair Gaming by 206.3% in the 1st quarter. CWM LLC now owns 11,471 shares of the company’s stock worth $102,000 after acquiring an additional 7,726 shares in the last quarter. GAMMA Investing LLC grew its stake in Corsair Gaming by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 11,874 shares of the company’s stock worth $105,000 after acquiring an additional 5,158 shares in the last quarter. Corton Capital Inc. bought a new position in Corsair Gaming in the 1st quarter worth about $118,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Corsair Gaming in the 4th quarter worth approximately $89,000. 25.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRSR has been the subject of several research reports. Barclays raised shares of Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Corsair Gaming from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Corsair Gaming has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Corsair Gaming Price Performance

Shares of CRSR opened at $8.65 on Thursday. The stock has a market capitalization of $917.25 million, a PE ratio of -10.68 and a beta of 1.77. Corsair Gaming, Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $13.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. The company has a 50 day moving average price of $8.91 and a 200-day moving average price of $8.68.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $320.11 million during the quarter, compared to the consensus estimate of $312.38 million. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. Corsair Gaming’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share. Corsair Gaming has set its FY 2025 guidance at EPS. Equities analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

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.