Wedbush reissued their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR - Free Report) in a research report report published on Monday morning,RTT News reports. The firm 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.
Several other equities research analysts have also commented on CRSR. Barclays upped their price target on Corsair Gaming from $9.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Robert W. Baird lifted their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Corsair Gaming currently has an average rating of "Moderate Buy" and a consensus target price of $10.00.
Read Our Latest Stock Analysis on CRSR
Corsair Gaming Trading Up 1.2 %
Shares of CRSR stock traded up $0.09 during trading hours on Monday, hitting $7.55. 929,279 shares of the company were exchanged, compared to its average volume of 730,161. The firm has a fifty day moving average of $8.16 and a 200 day moving average of $8.19. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming has a 1 year low of $5.60 and a 1 year high of $13.02. The firm has a market cap of $798.93 million, a PE ratio of -7.95 and a beta of 1.70.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. The company 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 business earned $0.09 EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Corsair Gaming will post 0.22 earnings per share for the current year.
Insider Transactions at Corsair Gaming
In related news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares in the company, valued at approximately $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 58.89% of the company's stock.
Institutional Investors Weigh In On Corsair Gaming
Several hedge funds and other institutional investors have recently bought and sold shares of CRSR. Vanguard Group Inc. grew its position in shares of Corsair Gaming by 5.0% during the first quarter. Vanguard Group Inc. now owns 6,101,154 shares of the company's stock worth $54,056,000 after buying an additional 287,795 shares in the last quarter. Palisade Capital Management LP grew its holdings in Corsair Gaming by 3.5% during the 1st quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company's stock worth $21,410,000 after acquiring an additional 81,376 shares in the last quarter. Geode Capital Management LLC grew its holdings in Corsair Gaming by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company's stock worth $7,069,000 after acquiring an additional 9,344 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock valued at $4,884,000 after purchasing an additional 212,792 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Corsair Gaming by 28.4% during the fourth quarter. Invesco Ltd. now owns 578,749 shares of the company's stock worth $3,826,000 after purchasing an additional 127,948 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.
Corsair Gaming Company Profile
(
Get Free Report)
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.
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