Genasys (NASDAQ:GNSS) Given New $5.25 Price Target at Ascendiant Capital Markets

Genasys (NASDAQ:GNSS) had its price target cut by Ascendiant Capital Markets from $5.75 to $5.25 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genasys in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Genasys from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Genasys Trading Up 0.4%

NASDAQ:GNSS opened at $2.25 on Monday. The stock has a market cap of $101.68 million, a P/E ratio of -5.62 and a beta of 0.59. The stock has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $2.04. Genasys has a 1-year low of $1.46 and a 1-year high of $3.73.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, December 9th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Genasys had a negative return on equity of 267.81% and a negative net margin of 44.44%.The firm had revenue of $17.03 million for the quarter, compared to analyst estimates of $19.85 million. As a group, sell-side analysts forecast that Genasys will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Genasys

Large investors have recently bought and sold shares of the company. XTX Topco Ltd increased its holdings in Genasys by 170.6% in the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after buying an additional 32,481 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of Genasys by 358.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 74,800 shares of the company’s stock worth $170,000 after acquiring an additional 58,500 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after acquiring an additional 46,452 shares during the last quarter. Jane Street Group LLC lifted its stake 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. Finally, Prospera Financial Services Inc acquired a new stake in shares of Genasys in the 2nd quarter valued at $392,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.

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.