Corsair Gaming (NASDAQ:CRSR) CEO Purchases $305,000.00 in Stock

Corsair Gaming, Inc. (NASDAQ:CRSR) CEO Thi La acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost 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 $2,932,428.60. This trade represents a 11.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Corsair Gaming Stock Performance

CRSR traded down $0.01 during midday trading on Wednesday, reaching $6.14. The company had a trading volume of 1,061,620 shares, compared to its average volume of 869,755. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $7.59 and a two-hundred day moving average of $8.54. The company has a market cap of $654.34 million, a P/E ratio of -18.06 and a beta of 1.84. Corsair Gaming, Inc. has a 1 year low of $5.35 and a 1 year high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Tuesday, November 4th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $345.76 million for the quarter, compared to the consensus estimate of $354.04 million. Corsair Gaming had a positive return on equity of 3.37% and a negative net margin of 2.46%.Corsair Gaming’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.29) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRSR shares. Craig Hallum set a $10.00 price target on Corsair Gaming in a research report on Wednesday, November 5th. B. Riley reduced their price objective on Corsair Gaming from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen lowered Corsair Gaming from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Corsair Gaming in a report on Tuesday. Finally, Barclays decreased their price objective on shares of Corsair Gaming from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.29.

Institutional Investors Weigh In On Corsair Gaming

A number of large investors have recently modified their holdings of CRSR. Virtus Advisers LLC lifted its stake in shares of Corsair Gaming by 300.1% in the third quarter. Virtus Advisers LLC now owns 19,147 shares of the company’s stock worth $171,000 after buying an additional 14,362 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Corsair Gaming during the 3rd quarter valued at about $229,000. Polymer Capital Management US LLC acquired a new stake in Corsair Gaming in the 3rd quarter valued at about $256,000. Qube Research & Technologies Ltd acquired a new stake in Corsair Gaming in the 3rd quarter valued at about $2,555,000. Finally, Prelude Capital Management LLC purchased a new position in Corsair Gaming in the 3rd quarter worth approximately $348,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.