Genasys (NASDAQ:GNSS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Genasys (NASDAQ:GNSS) posted its quarterly earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports. Genasys had a negative return on equity of 267.81% and a negative net margin of 44.44%.The company had revenue of $17.07 million for the quarter, compared to analysts’ expectations of $16.50 million.

Genasys Price Performance

Shares of NASDAQ:GNSS remained flat at $2.05 during trading on Tuesday. 203,782 shares of the stock were exchanged, compared to its average volume of 185,134. The business’s fifty day moving average is $2.15 and its two-hundred day moving average is $2.13. The firm has a market cap of $92.68 million, a price-to-earnings ratio of -5.12 and a beta of 0.65. Genasys has a 12 month low of $1.46 and a 12 month high of $3.73.

Institutional Trading of Genasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNSS. XTX Topco Ltd grew its stake in Genasys by 170.6% during the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after acquiring an additional 32,481 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Genasys by 114.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after acquiring an additional 46,452 shares during the last quarter. Jane Street Group LLC increased its position in Genasys by 126.2% during the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after acquiring an additional 54,461 shares during the period. Finally, Susquehanna International Group LLP raised its position in shares of Genasys by 76.6% during the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after buying an additional 79,493 shares during the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GNSS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Ascendiant Capital Markets reduced their target price on Genasys from $5.75 to $5.25 and set a “buy” rating for the company in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.25.

Genasys Company Profile

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.