BlackRock Inc. Takes $75.13 Million Position in Corsair Gaming, Inc. $CRSR

Key Points

• BlackRock acquired 7.77 million Corsair Gaming shares worth approximately $75.1 million, giving it a 7.27% stake. Institutional investors collectively own 25.66% of the company.
• Analyst sentiment remains mixed but leans positive: Corsair has a consensus “Moderate Buy” rating and a $12.00 average price target, with targets ranging from $9.00 to $16.00.
• Corsair reported quarterly earnings of $0.23 per share, beating the $0.07 consensus estimate, while revenue reached $314.33 million. However, revenue declined 1.8% year over year, and the stock opened at $12.00.

BlackRock Inc. acquired a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,769,508 shares of the company's stock, valued at approximately $75,131,000. BlackRock Inc. owned approximately 7.27% of Corsair Gaming at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in Corsair Gaming in the first quarter valued at about $606,000. Arrowstreet Capital Limited Partnership grew its stake in Corsair Gaming by 160.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 123,537 shares of the company's stock worth $686,000 after buying an additional 76,054 shares in the last quarter. GSA Capital Partners LLP bought a new position in Corsair Gaming in the 2nd quarter valued at about $2,359,000. Nano Cap New Millennium Growth Fund L P bought a new position in Corsair Gaming in the 4th quarter valued at about $1,158,000. Finally, WINTON GROUP Ltd raised its position in shares of Corsair Gaming by 104.6% in the 4th quarter. WINTON GROUP Ltd now owns 182,991 shares of the company's stock valued at $1,087,000 after buying an additional 93,538 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

Analysts Set New Price Targets

CRSR has been the subject of several recent analyst reports. The Goldman Sachs Group cut Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 target price for the company. in a research note on Wednesday, August 19th. Wall Street Zen upgraded Corsair Gaming from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 20th. B. Riley Financial boosted their price target on Corsair Gaming from $7.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Robert W. Baird set a $12.00 price objective on Corsair Gaming in a research report on Friday, August 7th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR opened at $12.00 on Monday. The company's 50 day moving average price is $10.53 and its 200-day moving average price is $8.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. Corsair Gaming, Inc. has a 52-week low of $4.48 and a 52-week high of $14.98. The company has a market capitalization of $1.30 billion, a P/E ratio of 40.00 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, topping 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 the consensus estimate of $310.47 million. During the same period in the previous year, the company posted $0.01 earnings per share. The firm's revenue for the quarter 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. Equities analysts forecast that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.

Corsair Gaming 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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