Corsair Gaming (CRSR)

• Market cap: $823M
• 1 day: 2.88%
• 5 days: 5.79%
• 1 month: 10.24%
• 3 months: 16.96%
• 6 months: -23.54%
• Year to date: 12.61%
• 1 year: -40.86%
• 5 years: -44.84%
• 10 years: -44.84%
• Sector: Information Technology
• Industry: Computer Peripheral Equipment

About: Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and Systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Employees: 2,387

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

93% more call options, than puts

Call options by funds: $5.13M | Put options by funds: $2.66M

56% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 25

44% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 34

9% more funds holding

Funds holding: 138 [Q2] → 150 (+12) [Q3]

2.68% more ownership

Funds ownership: 29.47% [Q2] → 32.14% (+2.68%) [Q3]

31% less capital invested

Capital invested by funds: $338M [Q2] → $233M (-$105M) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 11% downside
• Avg. target: $8.50 8% upside
• High target: $9 15% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Macquarie Aaron Lee 100% 1-year accuracy 4 / 4 met price target	15% upside $9	Outperform Maintained	8 Nov 2024
TD Cowen	15% upside $9	Hold Maintained	7 Nov 2024
Goldman Sachs Eric Sheridan 56% 1-year accuracy 35 / 62 met price target	11% downside $7	Neutral Maintained	7 Nov 2024
Barclays Mario Lu 67% 1-year accuracy 6 / 9 met price target	15% upside $9	Overweight Maintained	7 Nov 2024