Wedbush Has Bullish Estimate for Corsair Gaming Q1 Earnings

Corsair Gaming, Inc. (NASDAQ:CRSR) – Equities research analysts at Wedbush upped their Q1 2025 earnings estimates for Corsair Gaming in a report released on Thursday, February 13th. Wedbush analyst A. Reese now expects that the company will post earnings per share of $0.04 for the quarter, up from their previous estimate 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.

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

Other analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Robert W. Baird lifted their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price objective 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. TD Cowen decreased their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Finally, Macquarie decreased their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.14.

Corsair Gaming Trading Down 1.5 %

CRSR opened at $12.23 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of -13.59 and a beta of 1.68. The firm’s 50 day moving average is $8.32 and its 200-day moving average is $7.30. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $13.54. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Corsair Gaming

A number of hedge funds have recently added to or reduced their stakes in CRSR. PNC Financial Services Group Inc. boosted its holdings in Corsair Gaming by 220.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after purchasing an additional 3,414 shares during the period. BNP Paribas acquired a new position in Corsair Gaming in the fourth quarter worth $33,000. FMR LLC boosted its holdings in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares during the period. Quarry LP acquired a new position in Corsair Gaming in the fourth quarter worth $34,000. Finally, GAMMA Investing LLC boosted its holdings in Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after purchasing an additional 1,971 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.