Genasys (NASDAQ:GNSS) Trading Up 0.5% – Should You Buy?

Shares of Genasys Inc. (NASDAQ:GNSS) traded up 0.5% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $1.99. 122,077 shares traded hands during trading, a decline of 19% from the average session volume of 150,022 shares. The stock had previously closed at $1.98.

Analyst Ratings Changes

GNSS has been the topic of a number of research analyst reports. Ascendiant Capital Markets cut their target price on shares of Genasys from $5.75 to $5.25 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.25.

Genasys Stock Performance

The stock’s fifty day simple moving average is $2.07 and its two-hundred day simple moving average is $2.16. The stock has a market capitalization of $89.97 million, a P/E ratio of -6.03 and a beta of 0.65.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 29.19% and a negative return on equity of 391.12%. As a group, analysts expect that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genasys

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc acquired a new position in shares of Genasys in the second quarter worth approximately $392,000. Pacific Ridge Capital Partners LLC raised its holdings in Genasys by 2.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock worth $2,784,000 after purchasing an additional 29,714 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Genasys by 10.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock worth $2,218,000 after purchasing an additional 100,253 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Genasys by 398.4% in the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after purchasing an additional 51,127 shares during the period. Finally, HRT Financial LP bought a new stake in shares of Genasys in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 40.04% of the company’s stock.

About Genasys

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.