Northland Securities Raises Genasys (NASDAQ:GNSS) Price Target to $6.00

Genasys (NASDAQ:GNSS) had its price objective boosted by Northland Securities from $4.50 to $6.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Ascendiant Capital Markets lifted their target price on Genasys from $4.25 to $4.75 and gave the company a buy rating in a research report on Monday, August 19th.

Genasys Price Performance

Shares of NASDAQ:GNSS opened at $3.54 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $157.87 million, a PE ratio of -5.71 and a beta of 0.52. The firm has a 50 day moving average of $2.76 and a 200-day moving average of $2.30. Genasys has a 12 month low of $1.51 and a 12 month high of $3.58.

Genasys (NASDAQ:GNSS) last released its earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. The business had revenue of $7.17 million for the quarter, compared to the consensus estimate of $7.48 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. On average, equities research analysts predict that Genasys will post -0.57 EPS for the current fiscal year.

Insider Transactions at Genasys

In other news, Director Mark Culhane acquired 17,587 shares of Genasys stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $2.65 per share, for a total transaction of $46,605.55. Following the transaction, the director now directly owns 37,587 shares of the company’s stock, valued at approximately $99,605.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Genasys

Institutional investors have recently added to or reduced their stakes in the business. Ieq Capital LLC acquired a new position in shares of Genasys during the fourth quarter worth $62,000. Victory Capital Management Inc. raised its position in Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the last quarter. BOKF NA raised its position in Genasys by 54.8% during the 1st quarter. BOKF NA now owns 84,700 shares of the company’s stock worth $197,000 after purchasing an additional 30,000 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Genasys by 129.1% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock worth $286,000 after buying an additional 67,900 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Genasys in the 2nd quarter valued at about $875,000. 40.04% of the stock is owned by institutional investors.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.