AXQ Capital LP Takes Position in Corsair Gaming, Inc. $CRSR

AXQ Capital LP purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 54,382 shares of the company’s stock, valued at approximately $323,000.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock valued at $49,000 after purchasing an additional 3,681 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after purchasing an additional 1,551 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Corsair Gaming in the 2nd quarter valued at about $97,000. Semanteon Capital Management LP bought a new stake in shares of Corsair Gaming in the 3rd quarter valued at about $102,000. Finally, State of Wyoming bought a new stake in shares of Corsair Gaming in the 3rd quarter valued at about $122,000. Institutional investors own 25.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRSR. Weiss Ratings raised shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Barclays lifted their price objective on shares of Corsair Gaming from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $6.00 price objective on shares of Corsair Gaming in a research report on Friday, February 13th. Wedbush lifted their price objective on shares of Corsair Gaming from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.33.

Corsair Gaming Stock Down 5.3%

NASDAQ:CRSR opened at $9.92 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 124.02 and a beta of 1.83. Corsair Gaming, Inc. has a twelve month low of $4.48 and a twelve month high of $13.10. 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 $7.15 and its two-hundred day moving average is $6.26.

Corsair Gaming (NASDAQ:CRSR) last released its earnings results 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 the consensus estimate 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 was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Analysts anticipate that Corsair Gaming, Inc. will post 0.46 EPS for the current year.

About Corsair Gaming

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.