Genasys (NASDAQ:GNSS) Trading Down 3.9% – Here’s Why

Genasys Inc. (NASDAQ:GNSS) shares were down 3.9% on Monday . The company traded as low as $1.40 and last traded at $1.74. Approximately 377,206 shares were traded during mid-day trading, an increase of 290% from the average daily volume of 96,839 shares. The stock had previously closed at $1.81.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GNSS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Lake Street Capital started coverage on shares of Genasys in a report on Friday, March 13th. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Ascendiant Capital Markets lifted their price target on shares of Genasys from $5.25 to $5.50 and gave the company a “buy” rating in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.75.

Genasys Stock Performance

The firm has a market cap of $78.67 million, a price-to-earnings ratio of -5.27 and a beta of 0.65. The company’s fifty day moving average is $1.89 and its two-hundred day moving average is $2.13.

Genasys (NASDAQ:GNSS) last posted its earnings results on Tuesday, February 10th. The company reported ($0.02) earnings per share 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 analyst estimates 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 forecast that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genasys

Several hedge funds and other institutional investors have recently made changes to their positions in GNSS. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Genasys by 16.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock valued at $2,847,000 after acquiring an additional 190,838 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Genasys by 10.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock valued at $2,218,000 after acquiring an additional 100,253 shares in the last quarter. Susquehanna International Group LLP increased its stake in Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after buying an additional 79,493 shares during the period. Jane Street Group LLC increased its stake in Genasys by 126.2% during the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after buying an additional 54,461 shares during the period. Finally, Marshall Wace LLP increased its stake in Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after buying an additional 51,127 shares during the period. 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.