Corsair Gaming (NASDAQ:CRSR) Trading Up 8.4% – Time to Buy?

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. B. Riley Financial upped their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Barclays lifted their price target on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. 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. Finally, Wedbush raised their price objective on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Corsair Gaming Stock Performance

The stock has a market cap of $1.27 billion, a PE ratio of 39.22 and a beta of 1.85. The stock has a fifty day moving average of $10.41 and a 200-day moving average of $8.03. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.07 by $0.16. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The firm had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. During the same period in the prior 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. On average, equities analysts forecast that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Corsair Gaming by 428.8% in the 1st quarter. AQR Capital Management LLC now owns 92,778 shares of the company’s stock worth $822,000 after acquiring an additional 75,232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Corsair Gaming by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company’s stock worth $846,000 after acquiring an additional 10,620 shares during the period. Goldman Sachs Group Inc. raised its holdings in Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after purchasing an additional 204,351 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Corsair Gaming by 15.8% during the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock worth $238,000 after purchasing an additional 3,454 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Corsair Gaming by 1.3% in the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares during the period. 25.66% of the stock is currently owned by hedge funds and other 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.