Corsair Gaming (NASDAQ:CRSR) Shares Down 6.4% – Here’s Why

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) fell 6.4% during trading on Tuesday . The company traded as low as $12.95 and last traded at $12.83. 1,047,847 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 2,269,112 shares. The stock had previously closed at $13.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. B. Riley Financial increased their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Roth Capital reiterated a “buy” rating and set a $16.00 target price on shares of Corsair Gaming in a research note on Friday. Robert W. Baird set a $12.00 price target on Corsair Gaming in a report on Friday. Barclays raised their price target on Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Corsair Gaming in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average price target of $12.14.

Corsair Gaming Price Performance

The company has a market capitalization of $1.35 billion, a P/E ratio of 41.97 and a beta of 1.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. The firm’s 50-day moving average is $9.72 and its 200-day moving average is $7.45.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.16. The business had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last 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. Analysts predict that Corsair Gaming, Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several institutional investors and hedge funds have recently bought and sold shares of CRSR. Tower Research Capital LLC TRC grew its holdings 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 valued at $49,000 after purchasing an additional 3,681 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Corsair Gaming during the 4th quarter valued at about $37,000. Meeder Asset Management Inc. purchased a new position in shares of Corsair Gaming during the 2nd quarter valued at about $69,000. BNP Paribas Financial Markets grew its stake in shares of Corsair Gaming by 24.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after acquiring an additional 1,551 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Corsair Gaming in the 1st quarter worth approximately $56,000. 25.66% of the stock is currently 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.