Corsair Gaming (NASDAQ:CRSR) Stock Rating Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Corsair Gaming (NASDAQ:CRSR – Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

A number of other brokerages have also issued reports on CRSR. Wedbush raised their price target on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings raised Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Roth Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. B. Riley Financial lifted their target price on Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird set a $12.00 target price on Corsair Gaming in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

Check Out Our Latest Stock Analysis on Corsair Gaming

Corsair Gaming Stock Up 0.7%

Shares of NASDAQ CRSR opened at $13.73 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. The company has a market cap of $1.49 billion, a P/E ratio of 45.77 and a beta of 1.86. Corsair Gaming has a 1 year low of $4.48 and a 1 year high of $14.98. The firm has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $10.24.

Corsair Gaming (NASDAQ:CRSR – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.16. The business had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. 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. Research analysts anticipate that Corsair Gaming will post 0.66 earnings per share for the current year.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its position in Corsair Gaming by 2.4% during the 3rd quarter. Signaturefd LLC now owns 56,262 shares of the company’s stock valued at $760,000 after purchasing an additional 1,306 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Corsair Gaming by 2,119.3% in the 3rd quarter. Sterling Capital Management LLC now owns 21,283 shares of the company’s stock worth $287,000 after buying an additional 20,324 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Corsair Gaming by 31.8% in the 3rd quarter. GAMMA Investing LLC now owns 6,731 shares of the company’s stock worth $91,000 after buying an additional 1,623 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Corsair Gaming in the 2nd quarter worth $65,000. Finally, Squarepoint Ops LLC grew its position in shares of Corsair Gaming by 601.1% during the 2nd quarter. Squarepoint Ops LLC now owns 129,513 shares of the company’s stock worth $1,252,000 after buying an additional 111,039 shares in the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Company Profile

(Get Free Report)

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.

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Analyst Recommendations for Corsair Gaming (NASDAQ:CRSR)

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