Corsair Gaming, Inc. (NASDAQ:CRSR) Stock Rated “Hold” by Wall Street Analysts

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.00.

A number of analysts have recently commented on CRSR shares. B. Riley Financial upped their price target on Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Roth Capital reissued a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. Wedbush lifted their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, 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.

Hedge Funds Weigh In On Corsair Gaming

A number of large investors have recently added to or reduced their stakes in CRSR. BlackRock Inc. bought a new position in shares of Corsair Gaming during the 2nd quarter worth approximately $75,131,000. Palisade Capital Management LP acquired a new stake in shares of Corsair Gaming in the second quarter valued at approximately $5,407,000. Landscape Capital Management L.L.C. bought a new stake in shares of Corsair Gaming in the second quarter worth $5,054,000. Bank of America Corp DE bought a new stake in shares of Corsair Gaming in the second quarter worth $3,638,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Corsair Gaming in the second quarter worth $2,867,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Trading Down 8.0%

NASDAQ CRSR opened at $13.18 on Thursday. The stock has a 50-day simple moving average of $12.85 and a 200 day simple moving average of $9.89. The company has a market capitalization of $1.43 billion, a PE ratio of 43.93 and a beta of 1.86. 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 has a 12 month low of $4.48 and a 12 month high of $14.98.

Corsair Gaming (NASDAQ:CRSR) last released its 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. 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 for the quarter, compared to analyst estimates of $310.47 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s quarterly 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. Research analysts forecast that Corsair Gaming will post 0.66 EPS for the current year.

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.