Ascendiant Capital Markets Issues Positive Forecast for Genasys (NASDAQ:GNSS) Stock Price

Genasys (NASDAQ:GNSS) had its price target upped by equities researchers at Ascendiant Capital Markets from $5.25 to $5.50 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price points to a potential upside of 203.87% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Genasys in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Genasys currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Genasys Stock Performance

Shares of GNSS stock opened at $1.81 on Wednesday. Genasys has a fifty-two week low of $1.46 and a fifty-two week high of $2.70. The stock has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $2.16. The company has a market cap of $81.83 million, a P/E ratio of -5.48 and a beta of 0.65.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings results on Tuesday, February 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $17.07 million for the quarter, compared to the consensus estimate of $16.50 million. Genasys had a negative return on equity of 391.12% and a negative net margin of 29.19%. On average, research analysts predict that Genasys will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Genasys

Institutional investors and hedge funds have recently bought and sold shares of the stock. HRT Financial LP purchased a new position in Genasys during the 4th quarter worth $79,000. XTX Topco Ltd lifted its position in shares of Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after purchasing an additional 32,481 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Genasys by 398.4% during the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after purchasing an additional 51,127 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Genasys by 114.0% during the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after purchasing an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 purchasing an additional 54,461 shares during the last quarter. 40.04% of the stock is owned by hedge funds and other institutional investors.

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.