Corsair Gaming (NASDAQ:CRSR) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

Several other research analysts have also weighed in on the company. Wedbush lifted 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. Roth Capital restated a “buy” rating and set a $16.00 target price on shares of Corsair Gaming in a research report on Friday, August 7th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. The Goldman Sachs Group downgraded Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a report on Wednesday, August 19th. Finally, Robert W. Baird set a $12.00 price target on Corsair Gaming in a research note 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Corsair Gaming Price Performance

CRSR stock opened at $13.38 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. Corsair Gaming has a 12 month low of $4.48 and a 12 month high of $14.98. The firm has a market cap of $1.45 billion, a P/E ratio of 44.60 and a beta of 1.88. The company’s 50-day moving average price is $11.63 and its two-hundred day moving average price is $8.86.

Corsair Gaming (NASDAQ:CRSR) last issued 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. The firm 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%.The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts anticipate that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corsair Gaming

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Corsair Gaming during the 2nd quarter valued at about $65,000. Squarepoint Ops LLC lifted its holdings in shares of Corsair Gaming by 601.1% in the second quarter. Squarepoint Ops LLC now owns 129,513 shares of the company’s stock valued at $1,252,000 after purchasing an additional 111,039 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Corsair Gaming in the second quarter valued at approximately $185,000. Allworth Financial LP boosted its position in shares of Corsair Gaming by 71.4% during the second quarter. Allworth Financial LP now owns 6,416 shares of the company’s stock valued at $62,000 after buying an additional 2,673 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in shares of Corsair Gaming during the second quarter valued at approximately $144,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.