Corsair Gaming (NASDAQ:CRSR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corsair Gaming (NASDAQ:CRSR) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also issued reports on CRSR. The Goldman Sachs Group lowered shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a report on Wednesday, August 19th. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. 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 upped their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Corsair Gaming Price Performance

Shares of NASDAQ:CRSR opened at $13.52 on Friday. The business’s fifty day moving average price is $11.72 and its two-hundred day moving average price is $8.93. The stock has a market cap of $1.46 billion, a PE ratio of 45.07 and a beta of 1.88. 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 has a one year low of $4.48 and a one year high of $14.98.

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, topping the consensus estimate of $0.07 by $0.16. The company had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.Corsair Gaming’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, analysts forecast that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. First Trust Advisors LP acquired a new stake in shares of Corsair Gaming during the 1st quarter worth $606,000. Palisade Capital Management LP purchased a new position in shares of Corsair Gaming in the 2nd quarter worth $5,407,000. BlackRock Inc. acquired a new position in Corsair Gaming in the second quarter valued at $75,131,000. Bank of New York Mellon Corp acquired a new position in Corsair Gaming in the second quarter valued at $2,867,000. Finally, GSA Capital Partners LLP purchased a new stake in Corsair Gaming during the second quarter valued at about $2,359,000. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.

The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.