Nano Cap New Millennium Growth Fund L P Buys New Shares in Corsair Gaming, Inc. $CRSR

Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 195,000 shares of the company’s stock, valued at approximately $1,158,000. Nano Cap New Millennium Growth Fund L P owned 0.18% of Corsair Gaming as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRSR. Arrowstreet Capital Limited Partnership acquired a new position in shares of Corsair Gaming during the 3rd quarter valued at $3,877,000. Massachusetts Financial Services Co. MA lifted its position in shares of Corsair Gaming by 15.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock valued at $18,075,000 after acquiring an additional 401,171 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in shares of Corsair Gaming by 128.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 625,000 shares of the company’s stock valued at $5,575,000 after acquiring an additional 352,000 shares during the period. AQR Capital Management LLC lifted its position in shares of Corsair Gaming by 328.9% during the 2nd quarter. AQR Capital Management LLC now owns 397,881 shares of the company’s stock valued at $3,752,000 after acquiring an additional 305,103 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Corsair Gaming during the 3rd quarter valued at $2,555,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Price Performance

CRSR opened at $6.93 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.74 and a quick ratio of 0.95. The company has a market capitalization of $740.68 million, a price-to-earnings ratio of 86.64 and a beta of 1.59. The firm’s fifty day moving average price is $6.22 and its two-hundred day moving average price is $6.02. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm 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%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. As a group, analysts anticipate that Corsair Gaming, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRSR. Robert W. Baird set a $6.00 price target on shares of Corsair Gaming in a research note on Friday, February 13th. Weiss Ratings raised shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Craig Hallum raised their price objective on shares of Corsair Gaming from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wedbush raised their price objective on shares of Corsair Gaming from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Corsair Gaming has an average rating of “Hold” and a consensus target price of $8.33.

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.