WINTON GROUP Ltd Purchases 93,538 Shares of Corsair Gaming, Inc. $CRSR

WINTON GROUP Ltd increased its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 104.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,991 shares of the company’s stock after purchasing an additional 93,538 shares during the period. WINTON GROUP Ltd owned approximately 0.17% of Corsair Gaming worth $1,087,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CRSR. Tower Research Capital LLC TRC boosted its stake in Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after purchasing an additional 3,681 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock worth $74,000 after purchasing an additional 1,551 shares in the last quarter. Lazard Asset Management LLC bought a new position in Corsair Gaming in the 2nd quarter worth about $97,000. Semanteon Capital Management LP bought a new position in Corsair Gaming in the 3rd quarter worth about $102,000. Finally, State of Wyoming bought a new position in Corsair Gaming in the 3rd quarter worth about $122,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

CRSR opened at $8.41 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.74. The stock has a market capitalization of $898.86 million, a P/E ratio of 105.14 and a beta of 1.83. The company’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $6.32. Corsair Gaming, Inc. has a 52-week low of $4.48 and a 52-week high of $13.10.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $354.51 million for the quarter, compared to analysts’ expectations of $351.58 million. Corsair Gaming had a net margin of 0.71% and a return on equity of 9.71%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. As a group, analysts predict that Corsair Gaming, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRSR shares. B. Riley Financial upped their price target on shares of Corsair Gaming from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Zacks Research cut shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Wall Street Zen cut shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $6.00 target price on shares of Corsair Gaming in a research note on Friday, February 13th. Finally, Barclays upped their target price on shares of Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Three investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.33.

Corsair Gaming Company Profile

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.