Key Points
- CEO Thi La purchased 50,000 shares on November 25 at an average price of $6.10 ($305,000), increasing his stake to 480,726 shares (an 11.61% rise); the transaction was disclosed in an SEC filing.
- Corsair reported quarterly EPS of $0.06 (missing estimates by $0.02) and revenue of $345.76M (up 13.7% YoY); shares trade around $6.14 with a market cap of roughly $654M and a negative P/E (~-18).
- Wall Street's consensus is a Hold with an average price target of $9.29 after multiple firms trimmed targets, while analyst ratings remain mixed (4 Buy, 3 Hold, 1 Sell).
Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) CEO Thi La acquired 50,000 shares of the firm's stock in a transaction on Tuesday, November 25th. The shares were bought at an average cost of $6.10 per share, for a total transaction of $305,000.00. Following the acquisition, the chief executive officer owned 480,726 shares in the company, valued at approximately $2,932,428.60. The trade was a 11.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Corsair Gaming Price Performance
Shares of CRSR stock opened at $6.14 on Thursday. 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 firm's 50 day moving average is $7.54 and its 200-day moving average is $8.52. The firm has a market capitalization of $654.34 million, a price-to-earnings ratio of -18.06 and a beta of 1.84.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted 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). The firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $354.04 million. Corsair Gaming had a positive return on equity of 3.37% and a negative net margin of 2.46%.The firm's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.29) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Investors Weigh In On Corsair Gaming
A number of large investors have recently added to or reduced their stakes in CRSR. Jump Financial LLC boosted its stake in 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 period. American Century Companies Inc. bought a new stake in shares of Corsair Gaming in the first quarter valued at about $354,000. Goldman Sachs Group Inc. increased its position in Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company's stock worth $3,985,000 after acquiring an additional 204,351 shares during the period. Driehaus Capital Management LLC acquired a new stake in Corsair Gaming in the 1st quarter worth about $7,772,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Corsair Gaming during the 2nd quarter worth approximately $560,000. Institutional investors own 25.66% of the company's stock.
Wall Street Analyst Weigh In
CRSR has been the topic of a number of research reports. B. Riley cut their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 5th. Barclays lowered their price target on Corsair Gaming from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. Macquarie decreased their price objective 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 cut shares of Corsair Gaming from a "buy" rating to a "hold" rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Corsair Gaming in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Corsair Gaming currently has a consensus rating of "Hold" and an average price target of $9.29.
Read Our Latest Analysis on Corsair Gaming
Corsair Gaming Company Profile
(
Get Free Report)
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.
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