Legal & General Group Plc Buys Shares of 85,166 Corsair Gaming, Inc. $CRSR

Key Points

• Legal & General Group Plc acquired 85,166 Corsair Gaming shares during the second quarter, worth approximately $824,000 and representing 0.08% of the company. Other institutional investors also initiated positions, with institutional ownership reaching 25.66%.
• Analyst sentiment is broadly positive but mixed: Corsair has a consensus rating of “Moderate Buy” and an average price target of $12.00, though Goldman Sachs downgraded the stock to “sell” with an $11 target.
• Corsair exceeded quarterly expectations, reporting $0.23 EPS versus the $0.07 consensus and $314.33 million in revenue. Shares opened at $12.72, compared with a 52-week range of $4.48 to $14.98.

Legal & General Group Plc purchased a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 85,166 shares of the company's stock, valued at approximately $824,000. Legal & General Group Plc owned 0.08% of Corsair Gaming at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of Corsair Gaming in the 2nd quarter valued at about $135,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Corsair Gaming during the 2nd quarter worth approximately $2,732,000. Quantbot Technologies LP purchased a new stake in Corsair Gaming during the second quarter valued at approximately $56,000. Landscape Capital Management L.L.C. purchased a new stake in Corsair Gaming during the second quarter valued at approximately $5,054,000. Finally, Ieq Capital LLC acquired a new stake in Corsair Gaming in the second quarter valued at approximately $1,715,000. 25.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 price target on the stock. in a report on Wednesday, August 19th. Roth Capital reissued a "buy" rating and issued a $16.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. B. Riley Financial raised their price objective on Corsair Gaming from $7.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Corsair Gaming from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research raised 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 given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Corsair Gaming has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Corsair Gaming Stock Performance

Shares of NASDAQ:CRSR opened at $12.72 on Tuesday. 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, Inc. has a 52-week low of $4.48 and a 52-week high of $14.98. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 42.40 and a beta of 1.88. The business has a 50-day moving average price of $10.95 and a 200-day moving average price of $8.41.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating 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 firm had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Corsair Gaming'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 predict that Corsair Gaming, Inc. will post 0.66 EPS 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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