Corsair Gaming (NASDAQ:CRSR) Stock Price Down 6.4% - Here's Why

Key Points

• Corsair Gaming shares fell 6.4% to $12.83 in mid-day trading, with volume running 54% below the stock’s average daily volume.
• Analyst views remain mixed but lean positive: the consensus rating is “Moderate Buy” with a $12.14 price target, while recent targets range from $13 to $15.
• The company exceeded quarterly expectations, reporting $0.23 EPS versus the $0.07 consensus and $314.33 million in revenue, although revenue declined 1.8% year over year.

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report)'s share price traded down 6.4% during mid-day trading on Tuesday . The stock traded as low as $12.95 and last traded at $12.83. 1,047,847 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,269,112 shares. The stock had previously closed at $13.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Corsair Gaming in a research note on Friday. Craig Hallum reiterated a "hold" rating on shares of Corsair Gaming in a report on Friday. Wedbush boosted their price target on Corsair Gaming from $8.00 to $13.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Corsair Gaming from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 20th. Finally, Barclays raised their price objective on Corsair Gaming from $9.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.14.

Corsair Gaming Stock Performance

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 market capitalization of $1.35 billion, a P/E ratio of 41.97 and a beta of 1.85. The business's 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $7.45.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its 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. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The firm had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business's 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. Sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Corsair Gaming in the 2nd quarter worth $75,131,000. Invesco Ltd. boosted its position in shares of Corsair Gaming by 144.4% during the fourth quarter. Invesco Ltd. now owns 1,330,581 shares of the company's stock valued at $7,904,000 after buying an additional 786,049 shares during the last quarter. Millennium Management LLC boosted its position in shares of Corsair Gaming by 506.2% during the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company's stock valued at $3,777,000 after buying an additional 530,914 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Corsair Gaming in the 3rd quarter worth about $3,877,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Corsair Gaming by 15.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company's stock worth $18,075,000 after buying an additional 401,171 shares in the last quarter. 25.66% of the stock is currently 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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