Corsair Gaming (NASDAQ:CRSR) Stock Jumps 5% - Still a Buy?

Key Points

• Corsair Gaming shares rose 5% to about $14.23, although trading volume was 79% below the average session level.
• Analyst sentiment is mixed: four analysts rate the stock Buy, four Hold and one Sell, producing an average rating of Hold and a consensus price target of $12.00.
• The company beat quarterly expectations with $0.23 EPS versus the $0.07 consensus and revenue of $314.33 million, but revenue declined 1.8% year over year; institutional ownership stands at 25.66%.

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report)'s stock price traded up 5% during trading on Tuesday. The company traded as high as $14.24 and last traded at $14.23. 438,720 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 2,042,912 shares. The stock had previously closed at $13.55.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Roth Capital reiterated a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. Barclays boosted their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. 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 research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Corsair Gaming from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 19th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.00.

Corsair Gaming Stock Performance

The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 47.96 and a beta of 1.86. The stock has a fifty day moving average price of $12.75 and a 200 day moving average price of $9.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share 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 business had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. During the same period last year, the business earned $0.01 EPS. The firm's 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. As a group, analysts predict that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.

Institutional Trading of Corsair Gaming

A number of institutional investors and hedge funds have recently modified their holdings of the company. Palisade Capital Management LP bought a new position in Corsair Gaming in the 2nd quarter worth approximately $5,407,000. Bank of New York Mellon Corp acquired a new position in shares of Corsair Gaming during the second quarter worth approximately $2,867,000. First Trust Advisors LP acquired a new position in shares of Corsair Gaming during the first quarter worth approximately $606,000. BlackRock Inc. acquired a new position in shares of Corsair Gaming during the second quarter worth approximately $75,131,000. Finally, Legal & General Group Plc bought a new stake in shares of Corsair Gaming in the second quarter valued at approximately $824,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Company Profile

Corsair Gaming, Inc is a technology company that develops and sells products for gamers, content creators and PC enthusiasts. Its portfolio includes computer components such as memory, power supplies, cooling systems, storage products and computer cases, along with prebuilt gaming PCs and other system components.

The company also offers gaming peripherals, including keyboards, mice, headsets, controllers and streaming accessories. Through its Elgato brand, Corsair provides hardware and software for content creation and live streaming, while its SCUF brand focuses on performance-oriented gaming controllers.

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