First Trust Advisors LP Makes New $606,000 Investment in Corsair Gaming, Inc. $CRSR

First Trust Advisors LP bought a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,149 shares of the company's stock, valued at approximately $606,000. First Trust Advisors LP owned about 0.10% of Corsair Gaming at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in Corsair Gaming during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC grew its position in Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company's stock worth $49,000 after purchasing an additional 3,681 shares in the last quarter. R Squared Ltd purchased a new stake in Corsair Gaming in the 1st quarter valued at about $58,000. Mercer Global Advisors Inc. ADV purchased a new stake in Corsair Gaming in the 4th quarter valued at about $62,000. Finally, Fifth Third Bancorp lifted its position 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 buying an additional 11,378 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CRSR shares. Zacks Research upgraded Corsair Gaming from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. Roth Capital reaffirmed a "buy" rating and set a $16.00 price target on shares of Corsair Gaming in a research report on Friday. B. Riley Financial lifted 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. Barclays boosted their price objective on Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Wedbush upped their price objective on Corsair Gaming from $8.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Corsair Gaming currently has an average rating of "Moderate Buy" and an average target price of $12.14.

Corsair Gaming Stock Down 6.4%

CRSR stock opened at $12.83 on Wednesday. The stock has a fifty day moving average of $9.74 and a 200-day moving average of $7.50. Corsair Gaming, Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $14.98. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 42.77 and a beta of 1.85. 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 (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.16. The business had revenue of $314.33 million for the quarter, compared to analysts' expectations of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts predict that Corsair Gaming, Inc. will post 0.48 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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