Corsair Gaming's (CRSR) "Outperform" Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR - Free Report) in a report released on Monday morning,RTT News reports. Wedbush currently has a $13.00 target price on the stock. Wedbush also issued estimates for Corsair Gaming's Q1 2026 earnings at $0.09 EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.08 EPS and Q4 2026 earnings at $0.38 EPS.

Other equities analysts have also recently issued reports about the company. Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Barclays increased their target price on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Corsair Gaming presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.14.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock traded up $0.22 during trading hours on Monday, hitting $7.08. 142,856 shares of the company's stock traded hands, compared to its average volume of 724,689. The stock has a market capitalization of $749.20 million, a price-to-earnings ratio of -7.45 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. Corsair Gaming has a 12-month low of $5.60 and a 12-month high of $13.02. The company has a fifty day simple moving average of $8.30 and a 200-day simple moving average of $8.18.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. The firm had revenue of $369.75 million for the quarter, compared to analysts' expectations of $366.20 million. During the same period in the prior year, the company earned $0.09 EPS. The firm's quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Corsair Gaming will post 0.22 EPS for the current fiscal year.

Insider Activity

In related news, CFO Michael G. Potter sold 4,124 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the completion of the sale, the chief financial officer now directly owns 125,650 shares of the company's stock, valued at approximately $1,266,552. This represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 58.89% of the company's stock.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock worth $44,000 after purchasing an additional 1,971 shares during the period. Cerity Partners LLC increased its position in Corsair Gaming by 16.4% during the first quarter. Cerity Partners LLC now owns 14,333 shares of the company's stock valued at $127,000 after acquiring an additional 2,016 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Corsair Gaming by 45.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock worth $53,000 after acquiring an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Corsair Gaming by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company's stock worth $274,000 after purchasing an additional 2,756 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Corsair Gaming by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company's stock valued at $257,000 after purchasing an additional 2,789 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.