Corsair Gaming (NASDAQ:CRSR) Share Price Breaks Below 50-Day Moving Average - Here's What Happened

Key Points

• Corsair Gaming shares fell below their 50-day moving average, trading as low as $12.07 before closing at $12.60, compared with a 50-day average of $13.07.
• Analyst sentiment remains mixed, with four Buy, four Hold and one Sell rating; the consensus rating is Hold with a $12.00 price target.
• Corsair exceeded quarterly expectations, reporting $0.23 in EPS versus a $0.07 estimate and $314.33 million in revenue, though revenue declined 1.8% year over year.

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $13.07 and traded as low as $12.07. Corsair Gaming shares last traded at $12.60, with a volume of 1,539,945 shares.

Analyst Ratings Changes

Several analysts recently commented on CRSR shares. B. Riley Financial upped their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Wedbush lifted their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Roth Capital reaffirmed a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a report on Friday, August 7th. Wall Street Zen downgraded shares of Corsair Gaming from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 24th. Finally, Craig Hallum reiterated a "hold" rating on shares of Corsair Gaming in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Corsair Gaming Stock Performance

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 42.00 and a beta of 1.86. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $13.07 and a 200-day moving average price of $9.00.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $310.47 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company's quarterly 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, analysts expect that Corsair Gaming, Inc. will post 0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

A number of large investors have recently bought and sold shares of CRSR. BlackRock Inc. acquired a new stake in shares of Corsair Gaming in the 2nd quarter valued at approximately $75,131,000. Palisade Capital Management LP purchased a new stake in shares of Corsair Gaming in the second quarter valued at approximately $5,407,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Corsair Gaming in the second quarter valued at approximately $5,054,000. Bank of America Corp DE purchased a new stake in shares of Corsair Gaming in the second quarter valued at approximately $3,638,000. Finally, Bank of New York Mellon Corp acquired a new position in Corsair Gaming during the second quarter worth $2,867,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Company Profile

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.

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