Driehaus Capital Management LLC Makes New Investment in Corsair Gaming, Inc. $CRSR

by · The Markets Daily

Driehaus Capital Management LLC purchased a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 877,183 shares of the company’s stock, valued at approximately $7,772,000. Driehaus Capital Management LLC owned 0.83% of Corsair Gaming at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in Corsair Gaming during the 4th quarter worth about $33,000. Quarry LP acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at about $34,000. BNP Paribas Financial Markets acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at about $56,000. ProShare Advisors LLC acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at about $89,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at about $91,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

Corsair Gaming stock opened at $8.93 on Friday. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $13.02. The company’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $9.03. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The stock has a market cap of $946.94 million, a P/E ratio of -11.02 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. The firm had revenue of $320.11 million for the quarter, compared to analysts’ expectations of $312.38 million. During the same quarter last year, the firm earned ($0.07) EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Corsair Gaming has set its FY 2025 guidance at EPS. On average, equities analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CRSR. Wall Street Zen upgraded Corsair Gaming from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group reduced their target price on Corsair Gaming from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Wedbush restated an “outperform” rating and issued a $13.00 target price on shares of Corsair Gaming in a research note on Monday, May 5th. Barclays upgraded Corsair Gaming to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Robert W. Baird set a $10.00 price target on shares of Corsair Gaming in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.83.

Check Out Our Latest Stock Analysis on CRSR

Corsair Gaming Profile

(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.

Further Reading

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