Corsair Gaming (NASDAQ:CRSR) Shares Gap Down - Should You Sell?

Key Points

• Corsair Gaming shares dropped sharply at the open, falling from a previous close of $11.93 to $11.34 and last trading near $11.10.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $12.00 average price target, though some analysts recently raised targets as high as $16.00.
• Corsair beat quarterly expectations with EPS of $0.23 versus the $0.07 consensus and revenue of $314.33 million, but sales declined 1.8% year over year; institutional investors own 25.66% of the shares.

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.93, but opened at $11.34. Corsair Gaming shares last traded at $11.1020, with a volume of 357,197 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Capital reiterated a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a research report on Friday, August 7th. Craig Hallum reiterated a "hold" rating on shares of Corsair Gaming in a report on Friday, August 7th. Barclays raised their price objective 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. Robert W. Baird set a $12.00 price target on Corsair Gaming in a research note on Friday, August 7th. Finally, B. Riley Financial boosted their price objective on Corsair Gaming from $7.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.00.

Corsair Gaming Stock Performance

The company has a market capitalization of $1.23 billion, a PE ratio of 37.97 and a beta of 1.85. The firm has a 50-day moving average of $10.09 and a two-hundred day moving average of $7.76. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.16. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The business had revenue of $314.33 million during the quarter, compared to analysts' expectations of $310.47 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. 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. Research analysts anticipate that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in Corsair Gaming in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC increased its stake 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 worth $49,000 after purchasing an additional 3,681 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Corsair Gaming in the first quarter worth approximately $56,000. Quantbot Technologies LP purchased a new position in Corsair Gaming during the second quarter worth approximately $56,000. Finally, R Squared Ltd purchased a new stake in shares of Corsair Gaming during the 1st quarter valued at $58,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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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