Corsair Gaming (NASDAQ:CRSR) Share Price Breaks Below 50 Day Moving Average – Here’s What Happened

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $13.07 and traded as low as $12.07. Corsair Gaming shares last traded at $12.60, with a volume of 1,539,945 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wedbush boosted their target price on shares of Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. Barclays raised their target price on Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Four investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Corsair Gaming Stock Performance

The stock’s 50-day moving average price is $13.07 and its 200 day moving average price is $9.00. 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 company has a market cap of $1.36 billion, a P/E ratio of 42.00 and a beta of 1.86.

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

Institutional Investors Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its position in Corsair Gaming by 9.1% during the third quarter. Chicago Partners Investment Group LLC now owns 12,175 shares of the company’s stock worth $167,000 after purchasing an additional 1,014 shares during the period. Vise Technologies Inc. boosted its position in Corsair Gaming by 24.5% during the 3rd quarter. Vise Technologies Inc. now owns 13,026 shares of the company’s stock valued at $176,000 after buying an additional 2,564 shares during the period. Signaturefd LLC lifted its position in shares of Corsair Gaming by 2.4% in the 3rd quarter. Signaturefd LLC now owns 56,262 shares of the company’s stock worth $760,000 after purchasing an additional 1,306 shares during the period. Sterling Capital Management LLC boosted its stake in Corsair Gaming by 2,119.3% during the third quarter. Sterling Capital Management LLC now owns 21,283 shares of the company’s stock worth $287,000 after acquiring an additional 20,324 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Corsair Gaming by 31.8% in the third quarter. GAMMA Investing LLC now owns 6,731 shares of the company’s stock worth $91,000 after buying an additional 1,623 shares during the last quarter. 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.