Palisade Capital Management LP acquired a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 559,151 shares of the company's stock, valued at approximately $5,407,000. Palisade Capital Management LP owned about 0.52% of Corsair Gaming as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new position in shares of Corsair Gaming in the second quarter worth about $449,000. Legal & General Group Plc bought a new stake in shares of Corsair Gaming during the second quarter valued at approximately $824,000. The Manufacturers Life Insurance Company bought a new stake in shares of Corsair Gaming during the second quarter valued at approximately $135,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Corsair Gaming in the second quarter valued at approximately $2,732,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Corsair Gaming in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 25.66% of the company's stock.
Corsair Gaming Trading Up 8.5%
CRSR opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 39.47 and a beta of 1.85. The firm has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $7.98. Corsair Gaming, Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $14.98.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the business posted $0.01 earnings per share. Corsair Gaming'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. On average, sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on CRSR. Weiss Ratings upgraded shares of Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday. Roth Capital reissued a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. The Goldman Sachs Group downgraded Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 target price for the company. in a research report on Wednesday, August 19th. Zacks Research raised Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. Finally, Robert W. Baird set a $12.00 price target on Corsair Gaming in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.00.
View Our Latest Report on CRSR
About Corsair Gaming
(
Free Report)
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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