Should I buy or sell Corsair Gaming stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corsair Gaming in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRSR shares. View CRSR analyst ratings or view top-rated stocks .

What is Corsair Gaming's stock price target for 2024?

6 Wall Street analysts have issued 1 year price targets for Corsair Gaming's shares. Their CRSR share price targets range from $14.00 to $21.00. On average, they expect the company's share price to reach $16.33 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price. View analysts price targets for CRSR or view top-rated stocks among Wall Street analysts .

How have CRSR shares performed in 2024?

Corsair Gaming's stock was trading at $14.10 on January 1st, 2024. Since then, CRSR stock has decreased by 23.7% and is now trading at $10.76. View the best growth stocks for 2024 here .

When is Corsair Gaming's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our CRSR earnings forecast .

How were Corsair Gaming's earnings last quarter?

Corsair Gaming, Inc. (NASDAQ:CRSR) issued its quarterly earnings data on Tuesday, February, 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.02. The firm earned $417.29 million during the quarter, compared to analysts' expectations of $435.57 million. Corsair Gaming had a net margin of 0.15% and a trailing twelve-month return on equity of 5.13%.

What ETFs hold Corsair Gaming's stock?

ETFs with the largest weight of Corsair Gaming (NASDAQ:CRSR) stock in their portfolio include Amplify Video Game Tech ETF (GAMR) . Global X Video Games & Esports ETF (HERO) .

What guidance has Corsair Gaming issued on next quarter's earnings?

Corsair Gaming issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

What other stocks do shareholders of Corsair Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corsair Gaming investors own include FedEx (FDX) , Equity Residential (EQR) , Eventbrite (EB) , DraftKings (DKNG) , Caesars Entertainment (CZR) , Costco Wholesale (COST) , Chipotle Mexican Grill (CMG) , Bloomin' Brands (BLMN) , Avid Technology (AVID) and ARK Innovation ETF (ARKK) .

When did Corsair Gaming IPO?

Corsair Gaming (CRSR) raised $238 million in an initial public offering on Wednesday, September 23rd 2020. The company issued 14,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, Barclays, Credit Suisse, Macquarie, Baird, Cowan and Stifel acted as the underwriters for the IPO and Wedbush Securities and Academy Securities, were co-managers.

Who are Corsair Gaming's major shareholders?

Corsair Gaming's stock is owned by many different retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%). Insiders that own company stock include Adriel G Lares , Andrew J Paul , Bertrand Chevalier , George L Jr Majoros , Group (Cayman) Lp Corsair, Michael G Potter, Michael G Potter , Philip Straub , Samuel R Szteinbaum and Thi L La . View institutional ownership trends .

How do I buy shares of Corsair Gaming?

Shares of CRSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CRSR

Corsair Gaming (CRSR) Stock Price, News & Analysis

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$10.76

-0.16 (-1.47%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.72
▼
$11.10
50-Day Range: $10.76
▼
$13.93
52-Week Range: $10.72
▼
$20.72

Volume: 382,707 shs
Average Volume: 354,429 shs
Market Capitalization: $1.11 billion

P/E Ratio: 358.79
Dividend Yield: N/A
Price Target: $16.33

Get Corsair Gaming alerts:

Corsair Gaming MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 51.8% Upside
$16.33 Price Target
Short Interest: Healthy
3.60% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.74
Upright™ Environmental Score
News Sentiment: -0.11
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 67.44%
From $0.43 to $0.72 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Consumer Discretionary Sector

79th out of 250 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

4th out of 13 stocks

3.3

Analyst's Opinion

Consensus Rating
Corsair Gaming has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Corsair Gaming has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.60% of the float of Corsair Gaming has been sold short.
Short Interest Ratio / Days to Cover
Corsair Gaming has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Corsair Gaming has recently decreased by 3.70%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Corsair Gaming does not currently pay a dividend.
Dividend Growth
Corsair Gaming does not have a long track record of dividend growth.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Corsair Gaming has received a 10.24% net impact score from Upright. Corsair Gaming seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Microphones", "Headphones and earphones", and "Desktop computers" products. See details.
Environmental Sustainability
The Environmental Impact score for Corsair Gaming is -1.74.

1.1

News and Social Media Coverage

News Sentiment
Corsair Gaming has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Corsair Gaming this week, compared to 3 articles on an average week.
Search Interest
Only 6 people have searched for CRSR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Corsair Gaming to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corsair Gaming insiders have not sold or bought any company stock.
Percentage Held by Insiders
65.23% of the stock of Corsair Gaming is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 25.66% of the stock of Corsair Gaming is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Corsair Gaming are expected to grow by 67.44% in the coming year, from $0.43 to $0.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corsair Gaming is 358.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corsair Gaming is 358.79, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.55.
Price to Book Value per Share Ratio
Corsair Gaming has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Corsair Gaming Stock (NASDAQ:CRSR)

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. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. The company was incorporated in 1994 and is headquartered in Milpitas, California.

CRSR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CRSR Stock News Headlines

April 18, 2024 | businesswire.com

New Stream Deck and Wave Mic Among Five Products Announced by Elgato

April 17, 2024 | msn.com

Wednesday's Winners And Losers

April 19, 2024 | InvestorPlace (Ad)

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April 17, 2024 | americanbankingnews.com

Corsair Gaming (NASDAQ:CRSR) Reaches New 12-Month Low at $11.40

April 16, 2024 | morningstar.com

Corsair Gaming Inc Ordinary Shares

April 12, 2024 | msn.com

Corsair Gaming Desktop Gets $300 Discount

April 5, 2024 | finance.yahoo.com

Corsair Gaming, Inc.'s (NASDAQ:CRSR) recent 4.6% pullback adds to one-year year losses, institutional owners may take drastic measures

April 5, 2024 | msn.com

Corsair Platform:6 Desk Review: Convenience at a Cost

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March 30, 2024 | msn.com

Corsair Platform:6 Review - Stand By Me

March 27, 2024 | investorplace.com

3 Sorry Gaming Stocks to Sell in March While You Still Can

March 23, 2024 | yahoo.com

Corsair has a new gaming headset with superior sound quality in a league of its own — there's nothing else like it

March 17, 2024 | finance.yahoo.com

CRSR May 2024 17.500 call

March 13, 2024 | seekingalpha.com

Corsair Gaming: The PC Market Is Coming Back To Life, But Still A Long Way To Go

March 13, 2024 | msn.com

Even our favorite budget office chair can't compete with Corsair's half-price flash sale

March 8, 2024 | seekingalpha.com

Corsair Gaming: Gaming Peripheral Space Leader, A Speculative Buy

March 6, 2024 | finance.yahoo.com

An Intrinsic Calculation For Corsair Gaming, Inc. (NASDAQ:CRSR) Suggests It's 35% Undervalued

February 27, 2024 | finance.yahoo.com

CORSAIR Expands iCUE LINK Ecosystem with Performance-Focused RX Series Fans

February 27, 2024 | businesswire.com

CORSAIR Expands iCUE LINK Ecosystem with Performance-Focused RX Series Fans

February 23, 2024 | msn.com

Corsair’s Scimitar RGB Elite, one of our favorite gaming mice, is on sale for $60

February 20, 2024 | msn.com

Corsair just stepped up its keyboard game — in a big way

February 20, 2024 | investorplace.com

Bold Bets: 7 ‘Black Sheep' Stock Picks for the Maverick Investor

February 15, 2024 | finance.yahoo.com

Corsair Gaming, Inc. (NASDAQ:CRSR) Q4 2023 Earnings Call Transcript

February 15, 2024 | investing.com

Corsair Gaming Inc (CRSR)

February 14, 2024 | finance.yahoo.com

Corsair Gaming (CRSR) Stock Down on Q4 Earnings & Revenue Miss

February 14, 2024 | finance.yahoo.com

Q4 2023 Corsair Gaming Inc Earnings Call

February 14, 2024 | baystreet.ca

Wednesday Morning's Trades

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:CRSR
CUSIP: N/A
CIK: 1743759
Web: www.corsair.com
Phone: 510-657-8747
Fax: N/A
Employees: 2,387
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $16.33
High Stock Price Target: $21.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +51.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 358.79
Forward P/E Ratio: 25.02
P/E Growth: N/A
Net Income: $3.19 million
Net Margins: 0.15%
Pretax Margin: -0.24%
Return on Equity: 5.13%
Return on Assets: 2.55%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.70
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $1.46 billion
Price / Sales: 0.76
Cash Flow: $0.82 per share
Price / Cash Flow: 13.19
Book Value: $6.58 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 103,310,000
Free Float: 35,919,000
Market Cap: $1.11 billion
Optionable: Optionable
Beta: 1.61

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Key Executives

Mr. Andrew J. Paul (Age 67)
Co-Founder, CEO & Director
Comp: $719.93k
Ms. Thi L. La (Age 59)
President, COO & Director
Comp: $574.6k
Mr. Michael G. Potter (Age 57)
CFO & Principal Accounting Officer
Comp: $536.6k
Mr. Ronald Van Veen
Vice President of Finance & Investor Relations
Ms. Carina M. Tan
VP & General Counsel
Michael Buchanan
Senior Vice President of Worldwide Sales
Mr. Peter E. Hilliard (Age 57)
Chief Human Resources Officer
Mr. Bertrand Chevalier (Age 52)
Executive Vice President of Gaming Products
Comp: $770k
Matthew Hsu
Senior Vice President of System Products
Julian Fest
Senior Vice President of Streaming Products

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRSR Stock Analysis - Frequently Asked Questions

Should I buy or sell Corsair Gaming stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corsair Gaming in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRSR shares.
View CRSR analyst ratings or view top-rated stocks.
What is Corsair Gaming's stock price target for 2024?: 6 Wall Street analysts have issued 1 year price targets for Corsair Gaming's shares. Their CRSR share price targets range from $14.00 to $21.00. On average, they expect the company's share price to reach $16.33 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price.
View analysts price targets for CRSR or view top-rated stocks among Wall Street analysts.
How have CRSR shares performed in 2024?: Corsair Gaming's stock was trading at $14.10 on January 1st, 2024. Since then, CRSR stock has decreased by 23.7% and is now trading at $10.76.
View the best growth stocks for 2024 here.
When is Corsair Gaming's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CRSR earnings forecast.
How were Corsair Gaming's earnings last quarter?: Corsair Gaming, Inc. (NASDAQ:CRSR) issued its quarterly earnings data on Tuesday, February, 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.02. The firm earned $417.29 million during the quarter, compared to analysts' expectations of $435.57 million. Corsair Gaming had a net margin of 0.15% and a trailing twelve-month return on equity of 5.13%.
What ETFs hold Corsair Gaming's stock?: ETFs with the largest weight of Corsair Gaming (NASDAQ:CRSR) stock in their portfolio include Amplify Video Game Tech ETF (GAMR).Global X Video Games & Esports ETF (HERO).

What guidance has Corsair Gaming issued on next quarter's earnings?: Corsair Gaming issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.
What other stocks do shareholders of Corsair Gaming own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Corsair Gaming investors own include FedEx (FDX), Equity Residential (EQR), Eventbrite (EB), DraftKings (DKNG), Caesars Entertainment (CZR), Costco Wholesale (COST), Chipotle Mexican Grill (CMG), Bloomin' Brands (BLMN), Avid Technology (AVID) and ARK Innovation ETF (ARKK).
When did Corsair Gaming IPO?: Corsair Gaming (CRSR) raised $238 million in an initial public offering on Wednesday, September 23rd 2020. The company issued 14,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, Barclays, Credit Suisse, Macquarie, Baird, Cowan and Stifel acted as the underwriters for the IPO and Wedbush Securities and Academy Securities, were co-managers.
Who are Corsair Gaming's major shareholders?: Corsair Gaming's stock is owned by many different retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%). Insiders that own company stock include Adriel G Lares, Andrew J Paul, Bertrand Chevalier, George L Jr Majoros, Group (Cayman) Lp Corsair, Michael G Potter, Michael G Potter, Philip Straub, Samuel R Szteinbaum and Thi L La.
View institutional ownership trends.
How do I buy shares of Corsair Gaming?: Shares of CRSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CRSR) was last updated on 4/19/2024 by MarketBeat.com Staff

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