Corsair Gaming (NASDAQ:CRSR) Stock Price Down 6.4% – What’s Next?

Corsair Gaming, Inc. (NASDAQ:CRSR) shares traded down 6.4% during trading on Tuesday . The stock traded as low as $12.95 and last traded at $12.83. 1,047,847 shares changed hands during trading, a decline of 54% from the average session volume of 2,269,112 shares. The stock had previously closed at $13.71.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CRSR shares. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. Barclays increased their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research report on Monday. Roth Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. Finally, B. Riley Financial boosted their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Corsair Gaming has an average rating of “Moderate Buy” and an average price target of $12.14.

Corsair Gaming Stock Performance

The firm has a market capitalization of $1.40 billion, a P/E ratio of 43.07 and a beta of 1.85. The company’s 50 day moving average is $9.79 and its 200-day moving average is $7.55. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17.

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, 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 firm had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s 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, equities analysts anticipate that Corsair Gaming, Inc. will post 0.48 EPS for the current year.

Institutional Trading of Corsair Gaming

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Corsair Gaming in the second quarter worth approximately $75,131,000. Massachusetts Financial Services Co. MA raised its position in shares of Corsair Gaming by 15.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock worth $18,075,000 after purchasing an additional 401,171 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Corsair Gaming by 3.7% during 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 period. State Street Corp lifted its holdings in shares of 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 in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of 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 in the last quarter. 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.