Corsair Gaming, Inc. $CRSR Stock Position Decreased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Corsair Gaming position by 67.4% in the second quarter, selling 159,561 shares and retaining 77,183 shares valued at approximately $746,000. Institutional investors collectively own 25.66% of CRSR.
• Corsair reported quarterly EPS of $0.23, beating the $0.07 consensus estimate, while revenue of $314.33 million modestly exceeded expectations. However, revenue declined 1.8% year over year, and management guided to fiscal 2026 EPS of $0.85–$0.94.
• CRSR shares opened at $13.38, near their 52-week high of $14.98. Analysts’ consensus rating is “Moderate Buy”, with an average price target of $12.00.

Engineers Gate Manager LP reduced its position in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 67.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,183 shares of the company's stock after selling 159,561 shares during the period. Engineers Gate Manager LP owned about 0.07% of Corsair Gaming worth $746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers acquired a new position in Corsair Gaming during the first quarter valued at $56,000. Quantbot Technologies LP acquired a new stake in shares of Corsair Gaming during the 2nd quarter valued at about $56,000. R Squared Ltd acquired a new stake in Corsair Gaming in the first quarter valued at approximately $58,000. Allworth Financial LP bought a new stake in Corsair Gaming in the second quarter worth $62,000. Finally, Fifth Third Bancorp boosted its stake in shares of Corsair Gaming by 3,805.4% during the 1st quarter. Fifth Third Bancorp now owns 11,677 shares of the company's stock worth $65,000 after acquiring an additional 11,378 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company's stock.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock opened at $13.38 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. Corsair Gaming, Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $14.98. The firm has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $8.88. The company has a market cap of $1.45 billion, a PE ratio of 44.60 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. 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. Analysts expect that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRSR. Weiss Ratings raised shares of Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. Craig Hallum reiterated a "hold" rating on shares of Corsair Gaming in a research note on Friday, August 7th. B. Riley Financial lifted their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Corsair Gaming currently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.

The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.

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