Corsair Gaming (NASDAQ:CRSR) Cut to Buy at Wall Street Zen

by · The Markets Daily

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

A number of other equities research analysts have also recently issued reports on CRSR. Roth Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. Zacks Research downgraded Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Barclays raised their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, B. Riley Financial boosted 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. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Corsair Gaming currently has a consensus rating of “Hold” and an average price target of $12.00.

Get Our Latest Report on Corsair Gaming

Corsair Gaming Trading Down 0.9%

CRSR opened at $13.60 on Friday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 45.33 and a beta of 1.86. Corsair Gaming has a 12 month low of $4.48 and a 12 month high of $14.98. The firm’s fifty day simple moving average is $12.92 and its 200 day simple moving average is $8.85. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Corsair Gaming (NASDAQ:CRSR – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.16. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. The firm had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The business’s revenue was down 1.8% on a year-over-year basis. 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. As a group, research analysts anticipate that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Corsair Gaming

A number of large investors have recently added to or reduced their stakes in CRSR. Signaturefd LLC raised its holdings in Corsair Gaming by 2.4% in the 3rd quarter. Signaturefd LLC now owns 56,262 shares of the company’s stock valued at $760,000 after acquiring an additional 1,306 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Corsair Gaming by 2,119.3% during the 3rd quarter. Sterling Capital Management LLC now owns 21,283 shares of the company’s stock worth $287,000 after purchasing an additional 20,324 shares in the last quarter. GAMMA Investing LLC raised its stake in Corsair Gaming by 31.8% in the third quarter. GAMMA Investing LLC now owns 6,731 shares of the company’s stock valued at $91,000 after purchasing an additional 1,623 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Corsair Gaming in the second quarter valued at about $65,000. Finally, Squarepoint Ops LLC lifted its position in Corsair Gaming by 601.1% during the second quarter. Squarepoint Ops LLC now owns 129,513 shares of the company’s stock worth $1,252,000 after purchasing an additional 111,039 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

About Corsair Gaming

(Get Free Report)

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.

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