Corsair Gaming (NASDAQ:CRSR) Stock Jumps 5% – Here’s Why

Corsair Gaming, Inc. (NASDAQ:CRSR)’s stock price rose 5% during trading on Tuesday. The stock traded as high as $14.24 and last traded at $14.23. Approximately 438,720 shares changed hands during trading, a decline of 79% from the average daily volume of 2,042,912 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRSR. Barclays boosted their price objective on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Roth Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. The Goldman Sachs Group downgraded Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research report on Wednesday, August 19th. Finally, Zacks Research lowered Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Corsair Gaming Trading Up 6.5%

The firm has a market capitalization of $1.56 billion, a P/E ratio of 47.96 and a beta of 1.86. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $12.75 and a 200-day moving average price of $9.77.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 was down 1.8% on a year-over-year basis. During the same period 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. Analysts anticipate that Corsair Gaming, Inc. will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Corsair Gaming

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Corsair Gaming by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 6,731 shares of the company’s stock worth $91,000 after acquiring an additional 1,623 shares during the period. Allworth Financial LP boosted its position in shares of Corsair Gaming by 71.4% during the 2nd quarter. Allworth Financial LP now owns 6,416 shares of the company’s stock valued at $62,000 after acquiring an additional 2,673 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Corsair Gaming by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 228,159 shares of the company’s stock valued at $1,266,000 after acquiring an additional 4,735 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Corsair Gaming during the 2nd quarter valued at about $56,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Corsair Gaming in the second quarter valued at about $65,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Company Profile

Corsair Gaming, Inc is a technology company that develops and sells products for gamers, content creators and PC enthusiasts. Its portfolio includes computer components such as memory, power supplies, cooling systems, storage products and computer cases, along with prebuilt gaming PCs and other system components.

The company also offers gaming peripherals, including keyboards, mice, headsets, controllers and streaming accessories. Through its Elgato brand, Corsair provides hardware and software for content creation and live streaming, while its SCUF brand focuses on performance-oriented gaming controllers.