Corsair Gaming, Inc. (NASDAQ:CRSR – Get Free Report)’s share price dropped 5.5% during mid-day trading on Monday . The company traded as low as $12.09 and last traded at $12.2780. Approximately 302,276 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,263,301 shares. The stock had previously closed at $12.99.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on CRSR shares. Wedbush increased their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research upgraded Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Robert W. Baird set a $12.00 price target on Corsair Gaming in a research report on Friday, August 7th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Corsair Gaming in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.14.
Get Our Latest Research Report on CRSR
Corsair Gaming Trading Down 6.4%
Corsair Gaming (NASDAQ:CRSR – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.16. The firm had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS. As a group, analysts forecast that Corsair Gaming, Inc. will post 0.52 EPS for the current fiscal year.
Institutional Trading of Corsair Gaming
Several hedge funds have recently modified their holdings of CRSR. AQR Capital Management LLC grew its stake in Corsair Gaming by 428.8% during the 1st quarter. AQR Capital Management LLC now owns 92,778 shares of the company’s stock worth $822,000 after purchasing an additional 75,232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Corsair Gaming by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company’s stock valued at $846,000 after buying an additional 10,620 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after buying an additional 204,351 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Corsair Gaming by 15.8% during the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock worth $238,000 after buying an additional 3,454 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock worth $1,155,000 after buying an additional 1,592 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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