Corsair Gaming (NASDAQ:CRSR) Stock Jumps 5% – Time to Buy?

Corsair Gaming, Inc. (NASDAQ:CRSR) shot up 5% during mid-day trading on Tuesday. The stock traded as high as $14.24 and last traded at $14.23. 438,720 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 2,042,912 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

A number of research firms have commented on CRSR. Roth Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. Zacks Research lowered shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. The Goldman Sachs Group downgraded shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a research note on Wednesday, August 19th. Finally, Wedbush upped their target price on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Corsair Gaming Stock Down 4.8%

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 41.95 and a beta of 1.86. 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 price is $12.85 and its two-hundred day moving average price is $9.89.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The business had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s quarterly revenue 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, sell-side analysts forecast that Corsair Gaming, Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRSR. BlackRock Inc. purchased a new stake in shares of Corsair Gaming during the 2nd quarter valued at about $75,131,000. Palisade Capital Management LP purchased a new position in Corsair Gaming in the 2nd quarter valued at about $5,407,000. Landscape Capital Management L.L.C. acquired a new stake in Corsair Gaming during the 2nd quarter valued at approximately $5,054,000. Bank of America Corp DE bought a new stake in shares of Corsair Gaming in the second quarter worth $3,638,000. Finally, Bank of New York Mellon Corp bought a new position in Corsair Gaming during the 2nd quarter valued at $2,867,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Company Profile

Corsair Gaming, Inc is a technology company that develops and sells products for gamers, content creators and PC enthusiasts. Its portfolio includes computer components such as memory, power supplies, cooling systems, storage products and computer cases, along with prebuilt gaming PCs and other system components.

The company also offers gaming peripherals, including keyboards, mice, headsets, controllers and streaming accessories. Through its Elgato brand, Corsair provides hardware and software for content creation and live streaming, while its SCUF brand focuses on performance-oriented gaming controllers.