Corsair Gaming (NASDAQ:CRSR) Shares Gap Down – What’s Next?

Corsair Gaming, Inc. (NASDAQ:CRSR) gapped down prior to trading on Wednesday . The stock had previously closed at $11.93, but opened at $11.34. Corsair Gaming shares last traded at $11.1020, with a volume of 357,197 shares trading hands.

Analysts Set New Price Targets

CRSR has been the subject of a number of recent analyst reports. Barclays upped their price target on Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird set a $12.00 price target on Corsair Gaming in a research report on Friday, August 7th. Zacks Research raised Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Corsair Gaming Stock Performance

The company’s 50-day moving average is $10.18 and its two-hundred day moving average is $7.85. 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 $1.18 billion, a P/E ratio of 36.37 and a beta of 1.85.

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

Institutional Trading of Corsair Gaming

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Corsair Gaming in the 2nd quarter worth about $75,131,000. Dimensional Fund Advisors LP boosted its position in shares of Corsair Gaming by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company’s stock valued at $24,833,000 after acquiring an additional 98,588 shares during the period. State Street Corp boosted its position in shares of Corsair Gaming by 2.1% in the fourth quarter. State Street Corp now owns 1,725,659 shares of the company’s stock valued at $10,250,000 after acquiring an additional 35,301 shares during the period. Invesco Ltd. grew its stake in Corsair Gaming by 144.4% during the fourth quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock valued at $7,904,000 after acquiring an additional 786,049 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Corsair Gaming by 506.2% during the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock valued at $3,777,000 after acquiring an additional 530,914 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Company Profile

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.