Corsair Gaming (NASDAQ:CRSR) Stock Price Down 5.5% – Here’s Why

Corsair Gaming, Inc. (NASDAQ:CRSR) shares fell 5.5% on Monday . The company traded as low as $12.09 and last traded at $12.2780. 302,276 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,263,301 shares. The stock had previously closed at $12.99.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRSR shares. Zacks Research upgraded shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Robert W. Baird set a $12.00 price target on Corsair Gaming in a research note on Friday, August 7th. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Wedbush upped their price objective on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and an average price target of $12.14.

Corsair Gaming Stock Performance

The firm’s fifty day moving average price is $9.94 and its 200-day moving average price is $7.66. 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 firm has a market cap of $1.31 billion, a price-to-earnings ratio of 40.52 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.23 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 firm had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. During the same period last year, the business earned $0.01 EPS. Corsair Gaming’s revenue for the quarter 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. Analysts expect that Corsair Gaming, Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently made changes to their positions in CRSR. Kemnay Advisory Services Inc. acquired a new stake in shares of Corsair Gaming in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in Corsair Gaming by 245.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Corsair Gaming in the first quarter valued at approximately $56,000. Quantbot Technologies LP acquired a new stake in shares of Corsair Gaming in the second quarter valued at approximately $56,000. Finally, R Squared Ltd purchased a new position in shares of Corsair Gaming during the first quarter worth approximately $58,000. 25.66% of the stock is owned by hedge funds and other 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.