First Trust Advisors LP Acquires New Shares in Corsair Gaming, Inc. $CRSR

First Trust Advisors LP bought a new stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 109,149 shares of the company’s stock, valued at approximately $606,000.

Several other institutional investors have also recently made changes to their positions in CRSR. AQR Capital Management LLC boosted its holdings in shares of Corsair Gaming by 428.8% in the first 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. raised its stake in shares of Corsair Gaming by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company’s stock valued at $846,000 after purchasing an additional 10,620 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Corsair Gaming by 83.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock valued at $3,985,000 after purchasing an additional 204,351 shares during the period. JPMorgan Chase & Co. lifted its holdings in Corsair Gaming by 15.8% during the 2nd 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 holdings in Corsair Gaming by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird set a $12.00 target price on Corsair Gaming in a report on Friday. Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wedbush raised their price objective 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. Barclays boosted their price objective on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday. Finally, B. Riley Financial upped their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.14.

Corsair Gaming Price Performance

Corsair Gaming stock opened at $12.83 on Wednesday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 42.77 and a beta of 1.85. 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 simple moving average of $9.74 and a 200 day simple moving average of $7.50. Corsair Gaming, Inc. has a 52 week low of $4.48 and a 52 week high of $14.98.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16. The firm had revenue of $314.33 million for the quarter, compared to analysts’ expectations of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, research analysts forecast that Corsair Gaming, Inc. will post 0.48 earnings per share for the current fiscal year.

Corsair Gaming Profile

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.