Palisade Capital Management LP Makes New Investment in Corsair Gaming, Inc. $CRSR

Palisade Capital Management LP bought a new position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 559,151 shares of the company’s stock, valued at approximately $5,407,000.

Several other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after acquiring an additional 1,551 shares during the period. Legal & General Group Plc grew its holdings in Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares during the period. Prudential Financial Inc. grew its holdings in Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock valued at $452,000 after purchasing an additional 2,246 shares during the period. Optimize Financial Inc increased its stake in Corsair Gaming by 1.5% in the fourth quarter. Optimize Financial Inc now owns 158,745 shares of the company’s stock valued at $943,000 after purchasing an additional 2,284 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Corsair Gaming by 15.8% in the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock valued at $238,000 after purchasing an additional 3,454 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Robert W. Baird set a $12.00 price target on shares of Corsair Gaming in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday. The Goldman Sachs Group downgraded Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a research note on Wednesday, August 19th. Wall Street Zen upgraded Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Finally, Zacks Research raised Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Corsair Gaming Stock Performance

Shares of CRSR opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. Corsair Gaming, Inc. has a twelve month low of $4.48 and a twelve month high of $14.98. The firm’s 50 day moving average price is $10.35 and its two-hundred day moving average price is $7.98. The firm has a market cap of $1.28 billion, a P/E ratio of 39.47 and a beta of 1.85.

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. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The company had revenue of $314.33 million during the quarter, compared to analysts’ expectations of $310.47 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. 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, analysts forecast that Corsair Gaming, Inc. will post 0.66 EPS 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.