Corsair Gaming (NASDAQ:CRSR) Shares Down 5.5% – Here’s What Happened

Corsair Gaming, Inc. (NASDAQ:CRSR)’s share price traded down 5.5% during mid-day trading on Monday . The stock traded as low as $12.09 and last traded at $12.2780. 302,276 shares changed hands during trading, a decline of 87% from the average session volume of 2,263,301 shares. The stock had previously closed at $12.99.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wedbush upped their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Barclays lifted their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.14.

Corsair Gaming Stock Down 2.5%

The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 39.77 and a beta of 1.85. The stock has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $7.76.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock worth $74,000 after purchasing an additional 1,551 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock valued at $452,000 after purchasing an additional 2,246 shares in the last quarter. Optimize Financial Inc grew its holdings in shares of Corsair Gaming by 1.5% during the fourth quarter. Optimize Financial Inc now owns 158,745 shares of the company’s stock worth $943,000 after purchasing an additional 2,284 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Corsair Gaming by 15.8% in the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock valued at $238,000 after buying an additional 3,454 shares during the period. 25.66% of the stock is owned by institutional investors.

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.