Corsair Gaming (NASDAQ:CRSR) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Corsair Gaming (NASDAQ:CRSR) from a strong-buy rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other brokerages have also commented on CRSR. B. Riley Financial raised their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Roth Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. Zacks Research upgraded Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Barclays increased their target price on Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Corsair Gaming Price Performance

Shares of CRSR opened at $12.72 on Friday. The stock has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $8.41. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $14.98. 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 firm has a market capitalization of $1.38 billion, a PE ratio of 42.40 and a beta of 1.88.

Corsair Gaming (NASDAQ:CRSR) last announced its 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 the consensus estimate of $310.47 million. During the same period last year, the company posted $0.01 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. 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. Sell-side analysts predict that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Institutional Trading of Corsair Gaming

Institutional investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new position in Corsair Gaming in the fourth quarter valued at $37,000. Tower Research Capital LLC TRC lifted its position in Corsair Gaming by 245.9% during the 2nd 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 in the last quarter. Cetera Investment Advisers bought a new stake in Corsair Gaming during the 1st quarter worth about $56,000. Quantbot Technologies LP acquired a new position in shares of Corsair Gaming during the 2nd quarter worth about $56,000. Finally, R Squared Ltd acquired a new position in shares of Corsair Gaming during the 1st quarter worth about $58,000. Institutional investors own 25.66% of the company’s stock.

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.