Corsair Gaming (NASDAQ:CRSR) Shares Up 6.9% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a research note on Wednesday, August 19th. Wedbush upped their price target on Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird set a $12.00 price objective on Corsair Gaming in a research report on Friday, August 7th. Zacks Research raised Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Corsair Gaming Stock Up 6.5%

The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $8.55. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.61 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.16. The business had revenue of $314.33 million during the quarter, compared to analysts’ expectations of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.Corsair Gaming’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. 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. Equities analysts expect that Corsair Gaming, Inc. will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Corsair Gaming in the 2nd quarter worth about $75,131,000. Dimensional Fund Advisors LP boosted its position in Corsair Gaming by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company’s stock valued at $24,833,000 after buying an additional 98,588 shares in the last quarter. State Street Corp grew its stake in Corsair Gaming by 2.1% during the fourth quarter. State Street Corp now owns 1,725,659 shares of the company’s stock worth $10,250,000 after buying an additional 35,301 shares during the last quarter. Invesco Ltd. grew its stake in Corsair Gaming by 144.4% during the fourth quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock worth $7,904,000 after buying an additional 786,049 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Corsair Gaming by 506.2% during the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock worth $3,777,000 after buying an additional 530,914 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Company 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.