Corsair Gaming (NASDAQ:CRSR) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Corsair Gaming from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with a $12.00 target price.
• Analyst views are mixed: Wedbush and Barclays raised their price targets to $13 and $15, respectively, while Goldman Sachs downgraded the stock to “sell” with an $11 target.
• Corsair reported quarterly EPS of $0.23, beating the $0.07 consensus estimate, and revenue of $314.33 million; shares opened at $13.73, near their 52-week high of $14.98.

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 on Saturday, Wall Street Zen reports.

Several other research analysts also recently commented on CRSR. Wedbush raised their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Robert W. Baird set a $12.00 target price on Corsair Gaming in a research report on Friday, August 7th. Barclays increased their target price on Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Craig Hallum reaffirmed a "hold" rating on shares of Corsair Gaming in a report on Friday, August 7th. Finally, The Goldman Sachs Group cut Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 price target for the company. in a research report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Corsair Gaming presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Corsair Gaming Stock Performance

Shares of CRSR opened at $13.73 on Friday. Corsair Gaming has a one year low of $4.48 and a one year high of $14.98. The company has a market cap of $1.49 billion, a PE ratio of 45.77 and a beta of 1.86. The stock has a 50-day moving average of $12.90 and a 200-day moving average of $10.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.16. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The firm had revenue of $314.33 million during the quarter, compared to analysts' expectations of $310.47 million. During the same period last year, the company earned $0.01 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. 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. On average, equities research analysts predict that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Corsair Gaming

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in Corsair Gaming in the 1st quarter worth about $56,000. Quantbot Technologies LP purchased a new stake in Corsair Gaming during the 2nd quarter valued at $56,000. R Squared Ltd purchased a new stake in Corsair Gaming during the 1st quarter valued at $58,000. Allworth Financial LP purchased a new stake in Corsair Gaming during the 2nd quarter valued at $62,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Corsair Gaming by 3,805.4% during the 1st quarter. Fifth Third Bancorp now owns 11,677 shares of the company's stock valued at $65,000 after buying an additional 11,378 shares during the period. Hedge funds and other institutional investors own 25.66% of the company's stock.

About Corsair Gaming

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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