Corsair Gaming (NASDAQ:CRSR) Trading Up 6.9% – Still a Buy?

Corsair Gaming, Inc. (NASDAQ:CRSR) was up 6.9% during mid-day trading on Friday . The stock traded as high as $13.33 and last traded at $13.44. Approximately 199,636 shares changed hands during trading, a decline of 91% from the average daily volume of 2,166,969 shares. The stock had previously closed at $12.57.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRSR shares. Barclays boosted 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. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. B. Riley Financial increased their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Corsair Gaming Trading Up 6.5%

The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $8.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. The stock has a market capitalization of $1.45 billion, a P/E ratio of 44.61 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $310.47 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s 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 predict that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Institutional Trading of Corsair Gaming

Several large investors have recently added to or reduced their stakes in CRSR. BNP Paribas Financial Markets lifted its holdings in shares of Corsair Gaming by 24.7% during the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock worth $74,000 after buying an additional 1,551 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Corsair Gaming by 1.3% in the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock worth $1,155,000 after acquiring an additional 1,592 shares during the last quarter. Prudential Financial Inc. increased its position in Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock worth $452,000 after acquiring an additional 2,246 shares during the period. Optimize Financial Inc increased its position in Corsair Gaming by 1.5% during the fourth quarter. Optimize Financial Inc now owns 158,745 shares of the company’s stock worth $943,000 after acquiring an additional 2,284 shares during the period. Finally, Allworth Financial LP raised its stake in Corsair Gaming by 71.4% during the 2nd quarter. Allworth Financial LP now owns 6,416 shares of the company’s stock valued at $62,000 after purchasing an additional 2,673 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

About Corsair Gaming

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.