Ascendiant Capital Markets Forecasts Strong Price Appreciation for Genasys (NASDAQ:GNSS) Stock

Genasys (NASDAQ:GNSS) had its price target raised by equities researchers at Ascendiant Capital Markets from $5.25 to $5.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would suggest a potential upside of 200.55% from the stock’s previous close.

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

Genasys Trading Down 1.6%

Shares of GNSS stock opened at $1.83 on Wednesday. The company has a market capitalization of $82.73 million, a price-to-earnings ratio of -5.55 and a beta of 0.65. The firm has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.16. Genasys has a twelve month low of $1.46 and a twelve month high of $2.70.

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 firm had revenue of $17.07 million for the quarter, compared to analyst estimates of $16.50 million. Genasys had a negative return on equity of 391.12% and a negative net margin of 29.19%. As a group, research analysts predict that Genasys will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Genasys

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in Genasys by 398.4% in 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 during the period. HRT Financial LP acquired a new position in Genasys during the fourth quarter worth approximately $79,000. Goldman Sachs Group Inc. raised its stake in Genasys by 36.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock worth $257,000 after purchasing an additional 31,750 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of Genasys by 17.1% in the 4th quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock valued at $618,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Genasys by 16.8% in 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 purchasing an additional 190,838 shares during the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

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.