Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Corsair Gaming, Inc. $CRSR

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Corsair Gaming, Inc. (NASDAQ:CRSR) during the second quarter, HoldingsChannel.com reports. The firm bought 282,475 shares of the company’s stock, valued at approximately $2,732,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CRSR. Tower Research Capital LLC TRC lifted its position in shares of Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Corsair Gaming in the second quarter valued at about $56,000. Kemnay Advisory Services Inc. bought a new position in Corsair Gaming in the fourth quarter valued at about $37,000. Allworth Financial LP bought a new position in Corsair Gaming in the second quarter valued at about $62,000. Finally, Meeder Asset Management Inc. acquired a new position in Corsair Gaming during the second quarter worth about $69,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

NASDAQ CRSR opened at $12.00 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 40.00 and a beta of 1.85. Corsair Gaming, Inc. has a twelve month low of $4.48 and a twelve month high of $14.98. The stock has a fifty day simple moving average of $10.53 and a 200 day simple moving average of $8.10. 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 announced its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.16. The business had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.Corsair Gaming’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.01 EPS. 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. Sell-side analysts expect that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRSR. Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a research report 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 research report on Monday, August 10th. Weiss Ratings raised 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 target price on shares of Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Corsair Gaming presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

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.