Corsair GamingCRSR
CRSR
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
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
44% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 27
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: 29.43% [Q2] → 32.11% (+2.68%) [Q3]
31% less capital invested
Capital invested by funds: $338M [Q2] → $233M (-$105M) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7
12%
upside
Avg. target
$8.40
34%
upside
High target
$9
44%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Macquarie Aaron Lee 100% 1-year accuracy 4 / 4 met price target | 44%upside $9 | Outperform Maintained | 8 Nov 2024 |
TD Cowen | 44%upside $9 | Hold Maintained | 7 Nov 2024 |
Goldman Sachs Eric Sheridan 60% 1-year accuracy 37 / 62 met price target | 12%upside $7 | Neutral Maintained | 7 Nov 2024 |
Barclays Mario Lu 67% 1-year accuracy 6 / 9 met price target | 44%upside $9 | Overweight Maintained | 7 Nov 2024 |
Baird Colin Sebastian 85% 1-year accuracy 33 / 39 met price target | 28%upside $8 | Neutral Maintained | 25 Sept 2024 |
Financial journalist opinion
Negative
Market Watch
2 weeks ago
20 stocks likely to lag the S&P 500 over the next year — for this one reason
Difficult-to-short stocks often trade at artificially inflated, unsustainable prices.
Neutral
Business Wire
3 weeks ago
Corsair Gaming to Present at Barclays 22nd Annual Global Technology Conference
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Barclays 22nd Annual Global Technology Conference, at The Palace Hotel, San Francisco. A live fireside webcast with management will be available through Corsair's Investor Relations website at 8:40 a.m. Pac.
Neutral
Business Wire
1 month ago
CORSAIR Unveils Exclusive, Award-Winning K65 PLUS WIRELESS Keyboard and M75 WIRELESS Gaming Mouse Colorways for Mac
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--CORSAIR® (Nasdaq: CRSR), a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts, today announced that the award-winning K65 PLUS WIRELESS keyboard and the M75 WIRELESS mouse will be available in exclusive Glacier Blue and Frost colors for the Mac®. Whether playing games on a desktop or a laptop, users will enjoy unrivaled design, quality, and performance. Both products are available.
Neutral
Business Wire
1 month ago
Corsair Gaming to Present at 2024 UBS Global Technology Conference
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at the 2024 UBS Global Technology Conference, at The Phoenician Hotel in Scottsdale, Arizona. Michael G. Potter, Corsair's Chief Financial Officer, and Ronald van Veen, Vice-President Finance, Investor Relatio.
Negative
Seeking Alpha
1 month ago
Corsair Gaming: Fanatec To Refuel Growth After Weak Q3
Corsair Gaming's Q3 results again showed incredibly weak component sales in anticipation of NVIDIA's 50-series GPUs, and a strong peripherals performance wasn't enough to offset the earnings loss from components. The acquisition of Fanatec seems strategically sound, coming in at a cheap price tag and high-growth potential. Fanatec's margin potential remains uncertain, though. The CRSR stock has some upside, but again falls within a margin of safety due to remaining short-term uncertainties.
Neutral
Seeking Alpha
1 month ago
Corsair Gaming, Inc. (CRSR) Q3 2024 Earnings Call Transcript
Corsair Gaming, Inc. (CRSR) Q3 2024 Earnings Call Transcript
Neutral
Business Wire
1 month ago
Corsair Gaming Reports Q3 2024 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Select Financial Metrics Net revenue was $304.2 million compared to $363.2 million in the third quarter of 2023, a decrease of 16.2%. Gaming Components and Systems seg.
Neutral
Business Wire
1 month ago
Corsair Gaming to Report Q3 2024 Financial Results on November 6
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will release its third quarter 2024 results and financial outlook after the Nasdaq close on Wednesday, November 6, 2024, with its management hosting a conference call to discuss results at 2:00 p.m. Pacific Time that same day. The 2:00 p.m. Pacific.
Positive
Seeking Alpha
2 months ago
Corsair Gaming: May Be Worth A Second Look, A 'Buy' From Me
Corsair Gaming's valuation is currently depressed, presenting a potential buying opportunity as the company is expected to benefit from upcoming product release cycles in 2025. Despite its cyclical earnings and lack of dividends, Corsair's low debt, market position, and growth potential make it a speculative "Buy" at $8/share. The gaming peripheral market remains strong, with Corsair's innovative products and brand loyalty driving future demand, especially with new game releases.
Neutral
Business Wire
2 months ago
CORSAIR Launches High-Performance Products in Multi-Year, Cross Brand Collaboration with Call of Duty®
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--CORSAIR® (Nasdaq: CRSR), a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts, has begun to release the first products in its multi-year, full cross-brand collaboration with the critically acclaimed Call of Duty franchise. This powerful new integration sees two of the world's best-known gaming brands come together for the first time with the collaboration extending across multiple.
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