Corsair Gaming (NASDAQ:CRSR) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Corsair Gaming (NASDAQ:CRSR) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

CRSR has been the subject of a number of other research reports. Robert W. Baird set a $12.00 target price on shares of Corsair Gaming in a research note on Friday, August 7th. Roth Capital reiterated a “buy” rating and set a $16.00 target price on shares of Corsair Gaming in a research report on Friday, August 7th. B. Riley Financial boosted their price target 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. Zacks Research lowered shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, The Goldman Sachs Group downgraded shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Corsair Gaming Price Performance

CRSR opened at $12.60 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of 42.00 and a beta of 1.95. The firm’s 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $9.00. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $14.98.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share 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 for the quarter, compared to analyst estimates of $310.47 million. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s 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. As a group, equities analysts forecast that Corsair Gaming will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Corsair Gaming

Several institutional investors have recently modified their holdings of CRSR. Palisade Capital Management LP bought a new stake in shares of Corsair Gaming in the second quarter valued at $5,407,000. Bank of New York Mellon Corp purchased a new position in shares of Corsair Gaming during the 2nd quarter valued at $2,867,000. First Trust Advisors LP purchased a new position in shares of Corsair Gaming in the 1st quarter worth $606,000. BlackRock Inc. purchased a new stake in shares of Corsair Gaming in the second quarter worth approximately $75,131,000. Finally, Legal & General Group Plc purchased a new position in shares of Corsair Gaming in the 2nd quarter worth approximately $824,000. Institutional investors own 25.66% of the company’s stock.

About Corsair Gaming

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.