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 Sunday morning,Wall Street Zen reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group lowered Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research report on Wednesday, August 19th. Barclays lifted their price target on Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Roth Capital reiterated a “buy” rating and set a $16.00 price target on shares of Corsair Gaming in a report on Friday, August 7th. B. Riley Financial boosted 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. Finally, Wedbush increased their price objective on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

Corsair Gaming Trading Up 0.9%

NASDAQ CRSR opened at $12.31 on Friday. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $14.98. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.33 billion, a PE ratio of 41.03 and a beta of 1.95. The firm’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $9.07.

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. The business had revenue of $314.33 million during the quarter, compared to analyst estimates 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 last year, the company earned $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. As a group, sell-side analysts anticipate that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Corsair Gaming during the second quarter valued at approximately $75,131,000. Palisade Capital Management LP bought a new position in shares of Corsair Gaming in the second quarter valued at approximately $5,407,000. Landscape Capital Management L.L.C. bought a new position in shares of Corsair Gaming in the second quarter valued at approximately $5,054,000. Bank of America Corp DE acquired a new stake in shares of Corsair Gaming in the second quarter worth $3,638,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Corsair Gaming in the second quarter worth $2,867,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Company Profile

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.