Corsair Gaming, Inc. (NASDAQ:CRSR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Corsair Gaming, with four buy ratings, one strong-buy, three holds and one sell. The average 12-month price target is $12.00, although recent targets range from $12 to $16.
• Corsair reported quarterly EPS of $0.23, beating the $0.07 consensus estimate, while revenue of $314.33 million modestly exceeded forecasts. However, revenue declined 1.8% year over year and net margin remained low at 2.36%.
• CRSR shares opened at $13.54, near their 12-month high of $14.98, after rising above both their 50-day and 200-day moving averages. Hedge funds and other institutional investors own 25.66% of the stock.

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.00.

CRSR has been the subject of several recent analyst reports. Barclays upped their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Roth Capital restated a "buy" rating and set a $16.00 price target on shares of Corsair Gaming in a report on Friday, August 7th. Zacks Research raised shares of Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Corsair Gaming from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, Robert W. Baird set a $12.00 target price on shares of Corsair Gaming in a research report on Friday, August 7th.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $13.54 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $11.23 and a two-hundred day simple moving average of $8.59. Corsair Gaming has a 12 month low of $4.48 and a 12 month high of $14.98. The firm has a market capitalization of $1.46 billion, a PE ratio of 45.13 and a beta of 1.88.

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

Institutional Trading of Corsair Gaming

Institutional investors and hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new position in Corsair Gaming in the fourth quarter worth $37,000. Tower Research Capital LLC TRC increased its position in shares of Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company's stock valued at $49,000 after purchasing an additional 3,681 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Corsair Gaming during the 1st quarter valued at $56,000. Quantbot Technologies LP bought a new stake in shares of Corsair Gaming during the 2nd quarter worth $56,000. Finally, R Squared Ltd bought a new stake in shares of Corsair Gaming during the 1st quarter worth $58,000. 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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