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

Corsair Gaming (NASDAQ:CRSR) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. The Goldman Sachs Group cut shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a report on Wednesday, August 19th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. B. Riley Financial upped their price objective 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. Finally, Roth Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Corsair Gaming Stock Performance

NASDAQ CRSR opened at $13.73 on Friday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 45.77 and a beta of 1.86. The business has a 50 day simple moving average of $12.90 and a 200 day simple moving average of $10.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. Corsair Gaming has a one year low of $4.48 and a one year high of $14.98.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) 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 analyst estimates 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 period in the previous year, the firm earned $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. Research analysts expect that Corsair Gaming will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Corsair Gaming by 2.4% in the third quarter. Signaturefd LLC now owns 56,262 shares of the company’s stock valued at $760,000 after acquiring an additional 1,306 shares during the period. Sterling Capital Management LLC grew its stake in Corsair Gaming by 2,119.3% during the third quarter. Sterling Capital Management LLC now owns 21,283 shares of the company’s stock valued at $287,000 after acquiring an additional 20,324 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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. Integrated Wealth Concepts LLC bought a new stake in Corsair Gaming during the 2nd quarter worth approximately $65,000. Finally, Squarepoint Ops LLC increased its holdings in Corsair Gaming by 601.1% during the 2nd quarter. Squarepoint Ops LLC now owns 129,513 shares of the company’s stock worth $1,252,000 after acquiring an additional 111,039 shares during the period. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Company Profile

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.