Wedbush Issues Positive Outlook for Corsair Gaming Earnings

Corsair Gaming, Inc. (NASDAQ:CRSR) – Stock analysts at Wedbush increased their Q1 2025 earnings per share (EPS) estimates for shares of Corsair Gaming in a report issued on Thursday, February 13th. Wedbush analyst A. Reese now forecasts that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.03. Wedbush has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Corsair Gaming’s current full-year earnings is ($0.38) per share. Wedbush also issued estimates for Corsair Gaming’s FY2025 earnings at $0.19 EPS, FY2026 earnings at $0.59 EPS and FY2027 earnings at $0.67 EPS.

A number of other research analysts also recently issued reports on CRSR. Robert W. Baird boosted their price objective on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen cut their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Macquarie reduced their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Barclays increased their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.14.

Corsair Gaming Trading Down 0.7 %

Shares of Corsair Gaming stock opened at $12.42 on Monday. The company’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $7.23. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $14.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The stock has a market capitalization of $1.30 billion, a PE ratio of -13.80 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%.

Institutional Investors Weigh In On Corsair Gaming

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Corsair Gaming by 257.3% during the third quarter. Barclays PLC now owns 78,933 shares of the company’s stock worth $549,000 after purchasing an additional 56,841 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Corsair Gaming during the 3rd quarter worth approximately $735,000. Jacobs Levy Equity Management Inc. purchased a new position in Corsair Gaming in the third quarter valued at $1,094,000. Stifel Financial Corp raised its position in shares of Corsair Gaming by 39.6% in the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock worth $1,493,000 after acquiring an additional 60,811 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Corsair Gaming by 85.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after acquiring an additional 1,857,532 shares in the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.