195,000 Shares in Corsair Gaming, Inc. $CRSR Purchased by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P purchased a new position in Corsair Gaming, Inc. (NASDAQ:CRSR) during the fourth quarter, Holdings Channel reports. The fund purchased 195,000 shares of the company’s stock, valued at approximately $1,158,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRSR. AQR Capital Management LLC boosted its holdings in shares of Corsair Gaming by 428.8% in the 1st quarter. AQR Capital Management LLC now owns 92,778 shares of the company’s stock worth $822,000 after buying an additional 75,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Corsair Gaming by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company’s stock worth $846,000 after buying an additional 10,620 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Corsair Gaming by 83.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after buying an additional 204,351 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Corsair Gaming by 15.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock worth $238,000 after buying an additional 3,454 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Up 0.7%

CRSR stock opened at $6.93 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $6.22 and its 200 day moving average is $6.02. The stock has a market cap of $740.68 million, a price-to-earnings ratio of 86.64 and a beta of 1.59. Corsair Gaming, Inc. has a 1-year low of $4.48 and a 1-year high of $10.29.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The company 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%. Corsair Gaming’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Sell-side analysts predict that Corsair Gaming, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Barclays upped their price objective on shares of Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Craig Hallum upped their price objective on shares of Corsair Gaming from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 8th. Robert W. Baird set a $6.00 price objective on shares of Corsair Gaming in a report on Friday, February 13th. Finally, B. Riley Financial upped their price objective on shares of Corsair Gaming from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.