Corsair Gaming (NASDAQ:CRSR) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Corsair Gaming (NASDAQ:CRSR) from a strong-buy rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently issued reports on CRSR. The Goldman Sachs Group cut shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Wednesday, August 19th. Robert W. Baird set a $12.00 target price on Corsair Gaming in a report on Friday, August 7th. Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, Barclays increased their price target on Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Corsair Gaming Price Performance

Shares of CRSR opened at $12.72 on Friday. Corsair Gaming has a one year low of $4.48 and a one year high of $14.98. The stock’s fifty day moving average is $10.88 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 42.40 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share 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 the consensus estimate of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. 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. Equities analysts anticipate that Corsair Gaming will post 0.66 EPS for the current year.

Institutional Trading of Corsair Gaming

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP acquired a new stake in Corsair Gaming during the second quarter valued at approximately $131,000. California State Teachers Retirement System boosted its holdings in Corsair Gaming by 1,022.9% during the second quarter. California State Teachers Retirement System now owns 482,378 shares of the company’s stock worth $49,884,000 after buying an additional 439,421 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Corsair Gaming in the second quarter worth approximately $270,000. Bank of America Corp DE acquired a new position in Corsair Gaming in the second quarter worth approximately $3,638,000. Finally, Odyssean LLC bought a new position in shares of Corsair Gaming in the second quarter valued at $272,000. 25.66% of the stock is currently owned by 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.