Wall Street Zen Upgrades Corsair Gaming (NASDAQ:CRSR) to Strong-Buy

Key Points

• Wall Street Zen upgraded Corsair Gaming to “strong buy” from “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 the $0.07 consensus estimate, and revenue of $314.33 million versus expectations of $310.47 million; however, revenue declined 1.8% year over year.
• The stock opened at $13.38, near its 52-week high of $14.98, and hedge funds and other institutional investors own approximately 25.66% of the company.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Robert W. Baird set a $12.00 target price on Corsair Gaming in a research note on Friday, August 7th. The Goldman Sachs Group downgraded shares of Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 price target on the stock. in a research note on Wednesday, August 19th. Wedbush boosted 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. B. Riley Financial upped their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Roth Capital reaffirmed a "buy" rating and set a $16.00 target price on shares of Corsair Gaming in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Corsair Gaming has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Corsair Gaming Stock Down 1.0%

CRSR opened at $13.38 on Friday. The business's fifty day simple moving average is $11.63 and its 200 day simple moving average is $8.86. Corsair Gaming has a 52 week low of $4.48 and a 52 week high of $14.98. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.45 billion, a PE ratio of 44.60 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.16. The firm 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 was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, research analysts expect that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Corsair Gaming during the 2nd quarter valued at $65,000. Squarepoint Ops LLC increased its position in shares of Corsair Gaming by 601.1% in the second quarter. Squarepoint Ops LLC now owns 129,513 shares of the company's stock valued at $1,252,000 after acquiring an additional 111,039 shares during the period. Spark Investment Management LLC bought a new position in shares of Corsair Gaming during the second quarter valued at about $185,000. Allworth Financial LP raised its stake in shares of Corsair Gaming by 71.4% during the second quarter. Allworth Financial LP now owns 6,416 shares of the company's stock valued at $62,000 after acquiring an additional 2,673 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in shares of Corsair Gaming during the second quarter valued at about $144,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.

The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.

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