Corsair Gaming, Inc. (NASDAQ:CRSR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Corsair Gaming, with four buys, one strong buy, two holds and one sell among eight covering firms. The average 12-month price target is $12.14.
• Corsair reported quarterly EPS of $0.23, beating the $0.07 consensus estimate, while revenue of $314.33 million also exceeded expectations; however, revenue declined 1.8% year over year.
• Institutional investors own 25.66% of the company, with BlackRock establishing a new $75.1 million position and several other major investors increasing their stakes.

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.1429.

Several research analysts have commented on CRSR shares. Wedbush raised their price objective on Corsair Gaming from $8.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Wall Street Zen raised Corsair Gaming from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 20th. 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Corsair Gaming in a report on Friday, August 7th. Finally, Robert W. Baird set a $12.00 price target on Corsair Gaming in a research report on Friday, August 7th.

Institutional Trading of Corsair Gaming

Several large investors have recently bought and sold shares of CRSR. BlackRock Inc. acquired a new position in shares of Corsair Gaming during the second quarter worth $75,131,000. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 98,588 shares in the last quarter. State Street Corp grew its holdings in 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 purchasing an additional 35,301 shares in the last quarter. Invesco Ltd. increased its stake in Corsair Gaming by 144.4% during the 4th quarter. Invesco Ltd. now owns 1,330,581 shares of the company's stock worth $7,904,000 after buying an additional 786,049 shares during the period. Finally, Millennium Management LLC increased its stake in Corsair Gaming by 506.2% during the 4th quarter. Millennium Management LLC now owns 635,798 shares of the company's stock worth $3,777,000 after buying an additional 530,914 shares during the period. Institutional investors and hedge funds own 25.66% of the company's stock.

Corsair Gaming Price Performance

Corsair Gaming stock opened at $11.93 on Wednesday. The firm has a fifty day moving average of $10.09 and a 200-day moving average of $7.76. 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 firm has a market capitalization of $1.29 billion, a P/E ratio of 39.77 and a beta of 1.85.

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

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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