Corsair Gaming (NASDAQ:CRSR) Trading Up 8.4% - Here's What Happened

Key Points

• Corsair Gaming shares rose 8.4% to about $11.82 in Tuesday trading, despite volume running 63% below the stock’s average daily volume.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $12.00. Recent targets range from $12.00 to $16.00.
• Corsair reported quarterly EPS of $0.23, beating estimates of $0.07, while revenue reached $314.33 million versus expectations of $310.47 million; however, revenue declined 1.8% year over year.

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) shot up 8.4% during trading on Tuesday . The stock traded as high as $11.84 and last traded at $11.8210. Approximately 821,328 shares traded hands during trading, a decline of 63% from the average daily volume of 2,246,207 shares. The stock had previously closed at $10.91.

Analysts Set New Price Targets

CRSR has been the topic of a number of research reports. Robert W. Baird set a $12.00 price target on Corsair Gaming in a research note on Friday, August 7th. Barclays upped their price objective on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Craig Hallum reiterated a "hold" rating on shares of Corsair Gaming in a report on Friday, August 7th. Roth Capital restated a "buy" rating and issued a $16.00 target price on shares of Corsair Gaming in a report on Friday, August 7th. Finally, Wall Street Zen raised Corsair Gaming from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 20th. One equities research 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.00.

Corsair Gaming Trading Up 8.4%

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 firm has a market cap of $1.28 billion, a PE ratio of 39.40 and a beta of 1.85. The firm has a 50 day moving average of $10.28 and a 200 day moving average of $7.93.

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. 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 analysts' expectations of $310.47 million. During the same period in the previous year, the business posted $0.01 EPS. The firm'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. Equities analysts anticipate that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Corsair Gaming

Several hedge funds and other institutional investors have recently modified their holdings of CRSR. Kemnay Advisory Services Inc. bought a new stake in Corsair Gaming during the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its stake in Corsair Gaming by 245.9% during the second 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 during the last quarter. Cetera Investment Advisers purchased a new stake in Corsair Gaming in the first quarter worth approximately $56,000. Quantbot Technologies LP purchased a new stake in shares of Corsair Gaming in the 2nd quarter valued at $56,000. Finally, R Squared Ltd bought a new position in shares of Corsair Gaming during the first quarter valued at about $58,000. 25.66% of the stock is currently owned by institutional investors.

About Corsair Gaming

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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