LRAD Corporation (NASDAQ:GNSS) – Equities researchers at Oppenheimer increased their Q2 2020 earnings per share (EPS) estimates for LRAD in a research report issued on Tuesday, February 11th. Oppenheimer analyst A. Uerkwitz now expects that the company will post earnings per share of $0.02 for the quarter, up from their prior forecast of $0.01. Oppenheimer has a “Buy” rating and a $5.00 price objective on the stock.

LRAD (NASDAQ:GNSS) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $8.78 million for the quarter, compared to the consensus estimate of $9.50 million. LRAD had a return on equity of 6.81% and a net margin of 6.63%.

A number of other research firms also recently weighed in on GNSS. TheStreet raised LRAD from a “c” rating to a “b-” rating in a research note on Monday, December 9th. Zacks Investment Research raised LRAD from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Thursday. Finally, ValuEngine downgraded LRAD from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th.

Shares of NASDAQ:GNSS opened at $3.29 on Friday. The firm has a market cap of $109.01 million, a P/E ratio of 41.13 and a beta of 0.31. The company has a 50-day simple moving average of $3.45. LRAD has a 1 year low of $2.34 and a 1 year high of $4.24.

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in LRAD during the 4th quarter worth approximately $1,385,000. Essex Investment Management Co. LLC purchased a new stake in shares of LRAD in the fourth quarter worth approximately $1,194,000. Royce & Associates LP purchased a new stake in shares of LRAD in the fourth quarter worth approximately $246,000. Spark Investment Management LLC purchased a new stake in shares of LRAD in the fourth quarter worth approximately $163,000. Finally, Bridgecreek Investment Management LLC purchased a new stake in shares of LRAD in the fourth quarter worth approximately $131,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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