Corsair Gaming (NASDAQ:CRSR) Posts Quarterly Earnings Results, Hits Expectations

Corsair Gaming (NASDAQ:CRSR) issued its quarterly earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) 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 Trading Down 0.1 %

NASDAQ: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. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $7.95 and a 200 day moving average of $7.18. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13.

Wall Street Analyst Weigh In

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

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.