Corsair Gaming (NASDAQ:CRSR) Trading 8.4% Higher – Time to Buy?

Corsair Gaming, Inc. (NASDAQ:CRSR) shares rose 8.4% during mid-day trading on Tuesday . The stock traded as high as $11.84 and last traded at $11.8210. 821,328 shares were traded during trading, a decline of 63% from the average session volume of 2,246,207 shares. The stock had previously closed at $10.91.

Wall Street Analysts Forecast Growth

CRSR has been the subject of several recent research reports. Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen upgraded Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $16.00 price target on shares of Corsair Gaming in a research report on Friday, August 7th. Finally, Robert W. Baird set a $12.00 price target on shares of 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Corsair Gaming Trading Up 8.4%

The firm has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $7.93. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.28 billion, a PE ratio of 39.40 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSR) last posted 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 firm had revenue of $314.33 million during the quarter, compared to analysts’ expectations of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts expect that Corsair Gaming, Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Corsair Gaming in the second quarter worth approximately $75,131,000. Dimensional Fund Advisors LP boosted its holdings in Corsair Gaming by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company’s stock worth $24,833,000 after purchasing an additional 98,588 shares during the last quarter. State Street Corp grew its position in Corsair Gaming by 2.1% in the 4th quarter. State Street Corp now owns 1,725,659 shares of the company’s stock worth $10,250,000 after purchasing an additional 35,301 shares during the period. Invesco Ltd. grew its position in Corsair Gaming by 144.4% in the 4th quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock worth $7,904,000 after purchasing an additional 786,049 shares during the period. Finally, Millennium Management LLC raised its stake in Corsair Gaming by 506.2% during the 4th quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock valued at $3,777,000 after buying an additional 530,914 shares during the last quarter. Hedge funds and other 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.