Corsair Gaming (NASDAQ:CRSR) Posts Earnings Results, Meets Estimates

Corsair Gaming (NASDAQ:CRSR) posted its quarterly earnings results on Wednesday. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16, Zacks reports. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. Corsair Gaming updated its FY 2025 guidance to EPS.

Corsair Gaming Stock Down 0.1 %

CRSR opened at $9.94 on Thursday. The firm has a market capitalization of $1.04 billion, a P/E ratio of -11.04 and a beta of 1.68. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13. The company has a fifty day moving average price of $7.95 and a 200-day moving average price of $7.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Barclays dropped their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Macquarie cut their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.29.

Corsair Gaming Company Profile

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.