Corsair Gaming (NASDAQ:CRSR) Stock Rating Lowered by Wall Street Zen

Corsair Gaming (NASDAQ:CRSR) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other analysts also recently issued reports on CRSR. Weiss Ratings raised Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Barclays upped their price objective on Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. B. Riley Financial increased their target price on Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Robert W. Baird set a $12.00 target price on Corsair Gaming in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Corsair Gaming Stock Performance

Shares of CRSR opened at $12.72 on Friday. Corsair Gaming has a one year low of $4.48 and a one year high of $14.98. The stock has a 50-day moving average price of $10.88 and a 200 day moving average price of $8.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. The company has a market capitalization of $1.38 billion, a P/E ratio of 42.40 and a beta of 1.88.

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, topping the consensus estimate of $0.07 by $0.16. The company had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. 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. Sell-side analysts forecast that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several large investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Corsair Gaming during the 4th quarter valued at $37,000. Tower Research Capital LLC TRC grew its holdings in shares of Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after acquiring an additional 3,681 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Corsair Gaming during the first quarter worth $56,000. Quantbot Technologies LP acquired a new stake in shares of Corsair Gaming during the second quarter worth $56,000. Finally, R Squared Ltd purchased a new stake in shares of Corsair Gaming during the first quarter valued at $58,000. 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.