Lake Street Capital Begins Coverage on Genasys (NASDAQ:GNSS)

Research analysts at Lake Street Capital began coverage on shares of Genasys (NASDAQ:GNSS) in a report released on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $4.00 price target on the stock. Lake Street Capital’s price target points to a potential upside of 118.58% from the stock’s previous close.

A number of other research firms have also commented on GNSS. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research report on Monday, December 29th. Ascendiant Capital Markets upped their target price on shares of Genasys from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.75.

Genasys Stock Performance

Shares of GNSS opened at $1.83 on Friday. Genasys has a 52-week low of $1.46 and a 52-week high of $2.70. The stock’s 50-day simple moving average is $2.01 and its 200 day simple moving average is $2.16. The stock has a market capitalization of $82.74 million, a price-to-earnings ratio of -5.55 and a beta of 0.65.

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

Institutional Trading of Genasys

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in shares of 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 in the last quarter. Jane Street Group LLC raised its stake in Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after purchasing an additional 54,461 shares in the last quarter. Prospera Financial Services Inc bought a new stake in Genasys during the second quarter valued at approximately $392,000. XTX Topco Ltd lifted its position in 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 during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in Genasys by 2.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock worth $2,784,000 after buying an additional 29,714 shares in the last quarter. Institutional investors 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.