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

Key Points

• Wall Street Zen downgraded Corsair Gaming from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $12.00.
• Corsair reported quarterly EPS of $0.23, beating expectations of $0.07, and revenue of $314.33 million, slightly above estimates; however, revenue declined 1.8% year over year.
• Shares opened at $12.72, with the stock trading between a 12-month low of $4.48 and high of $14.98. Institutional investors own approximately 25.66% of the company, with several major funds increasing their stakes.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

CRSR has been the topic of several other reports. Craig Hallum reissued a "hold" rating on shares of Corsair Gaming in a research report on Friday, August 7th. Zacks Research upgraded shares of Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Roth Capital reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. Wedbush lifted 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. Finally, Weiss Ratings raised shares of Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Corsair Gaming Stock Down 0.4%

Shares of Corsair Gaming stock opened at $12.72 on Friday. The stock's fifty day moving average is $10.88 and its 200-day moving average is $8.35. The firm has a market capitalization of $1.38 billion, a PE ratio of 42.40 and a beta of 1.88. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.23 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 the consensus estimate of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.Corsair Gaming's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities analysts anticipate that Corsair Gaming will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Corsair Gaming in the 2nd quarter valued at approximately $75,131,000. Dimensional Fund Advisors LP boosted its stake in shares of Corsair Gaming by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company's stock valued at $24,833,000 after buying an additional 98,588 shares during the period. State Street Corp grew its holdings in shares of Corsair Gaming by 2.1% during the 4th quarter. State Street Corp now owns 1,725,659 shares of the company's stock valued at $10,250,000 after acquiring an additional 35,301 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Corsair Gaming by 144.4% during the 4th quarter. Invesco Ltd. now owns 1,330,581 shares of the company's stock valued at $7,904,000 after acquiring an additional 786,049 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Corsair Gaming by 506.2% in the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company's stock worth $3,777,000 after acquiring an additional 530,914 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

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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