Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts give Corsair Gaming (NASDAQ:CRSR) an average rating of Hold from eight firms — comprised of 1 sell, 3 hold and 4 buy — with a 12‑month consensus price target of $7.71.
• Corsair beat its last quarter estimates, reporting $0.43 EPS vs. $0.26 expected and $436.9M revenue (up 5.6% YoY), but the company still shows a negative net margin and a negative P/E ratio.
• Shares opened at $6.16 with a market cap of about $657M and a 52‑week range of $4.48–$10.29, and institutional investors own roughly 25.7% of the stock.

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.7143.

Several research firms have recently issued reports on CRSR. Zacks Research cut Corsair Gaming from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Barclays dropped their price target on Corsair Gaming from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Friday, February 13th. Craig Hallum reiterated a "buy" rating and issued a $8.00 price target on shares of Corsair Gaming in a report on Friday, February 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Corsair Gaming in a research report on Monday, December 29th. Finally, Wedbush restated an "outperform" rating and issued a $7.00 price objective on shares of Corsair Gaming in a report on Tuesday, February 17th.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $6.16 on Thursday. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a market cap of $657.03 million, a P/E ratio of -47.38 and a beta of 1.49. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $10.29. The firm has a 50-day moving average of $5.59 and a 200-day moving average of $6.24.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.17. Corsair Gaming had a positive return on equity of 6.71% and a negative net margin of 0.87%.The business had revenue of $436.86 million during the quarter, compared to analyst estimates of $422.66 million. During the same quarter in the prior year, the company posted $0.23 EPS. Corsair Gaming's quarterly revenue was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Corsair Gaming will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Corsair Gaming by 5.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 28,459 shares of the company's stock valued at $253,000 after acquiring an additional 1,380 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company's stock worth $74,000 after acquiring an additional 1,551 shares in the last quarter. Legal & General Group Plc raised its position in shares of Corsair Gaming by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company's stock worth $1,155,000 after acquiring an additional 1,592 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Corsair Gaming by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 47,932 shares of the company's stock valued at $452,000 after purchasing an additional 2,246 shares during the period. Finally, Optimize Financial Inc lifted its stake in shares of Corsair Gaming by 1.5% in the 4th quarter. Optimize Financial Inc now owns 158,745 shares of the company's stock valued at $943,000 after purchasing an additional 2,284 shares during the period. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Company Profile

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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