Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Corsair Gaming, Inc. $CRSR

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 14,518 shares of the company’s stock, valued at approximately $137,000.

Several other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Corsair Gaming by 70.6% during the second quarter. PNC Financial Services Group Inc. now owns 8,632 shares of the company’s stock valued at $81,000 after purchasing an additional 3,571 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Corsair Gaming in the 2nd quarter valued at about $98,000. Fox Run Management L.L.C. acquired a new position in shares of Corsair Gaming in the 1st quarter valued at about $148,000. Ieq Capital LLC grew its position in shares of Corsair Gaming by 95.0% during the 1st quarter. Ieq Capital LLC now owns 22,575 shares of the company’s stock valued at $200,000 after buying an additional 10,997 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Corsair Gaming during the first quarter worth about $204,000. 25.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CRSR. Macquarie decreased their target price on Corsair Gaming from $12.00 to $10.00 and set an “outperform” rating for the company in a research note 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 report on Wednesday, November 5th. Wall Street Zen lowered Corsair Gaming from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Corsair Gaming in a report on Tuesday. Finally, Wedbush lowered their price target on shares of Corsair Gaming from $13.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, three have assigned 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 a consensus rating of “Hold” and a consensus price target of $9.29.

Corsair Gaming Stock Up 4.2%

Shares of Corsair Gaming stock opened at $6.40 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 0.72. Corsair Gaming, Inc. has a 1-year low of $5.35 and a 1-year high of $13.02. The business’s fifty day moving average price is $7.45 and its two-hundred day moving average price is $8.49. The company has a market capitalization of $681.52 million, a P/E ratio of -18.81 and a beta of 1.84.

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

Insider Activity

In related news, Director Samuel R. Szteinbaum acquired 100,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $6.59 per share, for a total transaction of $659,000.00. Following the completion of the acquisition, the director directly owned 420,267 shares of the company’s stock, valued at approximately $2,769,559.53. The trade was a 31.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thi L. La acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average price of $6.10 per share, for a total transaction of $305,000.00. Following the purchase, the chief executive officer directly owned 480,726 shares of the company’s stock, valued at approximately $2,932,428.60. This trade represents a 11.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 58.38% of the stock is currently owned by company insiders.

Corsair Gaming 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.