Corsair Gaming (NASDAQ:CRSR) Upgraded at The Goldman Sachs Group

Key Points

• Goldman Sachs assigned Corsair Gaming a “strong sell” rating, adding to mixed analyst sentiment. The stock’s average consensus rating is “Hold,” with an average price target of $12.00.
• Corsair opened at $11.35 and has traded between $4.48 and $14.98 over the past year. Its latest quarterly results exceeded expectations, with EPS of $0.23 versus a $0.07 consensus estimate and revenue of $314.33 million.
• Institutional investors increased their holdings in several recent transactions, and institutions and hedge funds collectively own approximately 25.66% of the company.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group to a "strong sell" rating in a research note issued on Wednesday,Zacks.com reports.

CRSR has been the subject of several other research reports. Craig Hallum restated a "hold" rating on shares of Corsair Gaming in a research report on Friday, August 7th. Roth Capital reissued a "buy" rating and set a $16.00 price target on shares of Corsair Gaming in a research note on Friday, August 7th. Wedbush lifted their price objective on Corsair Gaming from $8.00 to $13.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Corsair Gaming in a report on Friday, August 7th. Finally, B. Riley Financial upped their price target on Corsair Gaming from $7.50 to $9.00 and gave the company a "neutral" rating in a research note 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 given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.00.

Corsair Gaming Price Performance

NASDAQ CRSR opened at $11.35 on Wednesday. The stock has a market capitalization of $1.23 billion, a PE ratio of 37.83 and a beta of 1.85. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98. The company has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $7.81. 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 quarterly earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.07 by $0.16. The company had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, equities analysts predict that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of Corsair Gaming by 24.7% in the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company's stock worth $74,000 after purchasing an additional 1,551 shares during the period. Legal & General Group Plc increased its position in Corsair Gaming by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company's stock worth $1,155,000 after purchasing an additional 1,592 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company's stock worth $452,000 after buying an additional 2,246 shares in the last quarter. Optimize Financial Inc raised its position in Corsair Gaming by 1.5% in the fourth 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 last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Corsair Gaming by 15.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company's stock valued at $238,000 after buying an additional 3,454 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

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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