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

Genasys (NASDAQ:GNSS) had its price target raised by analysts at Ascendiant Capital Markets from $5.25 to $5.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective points to a potential upside of 203.87% from the stock’s previous close.

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

Genasys Trading Up 2.8%

Shares of Genasys stock opened at $1.81 on Wednesday. The business’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.16. The firm has a market capitalization of $81.83 million, a P/E ratio of -5.48 and a beta of 0.65. Genasys has a 12 month low of $1.46 and a 12 month high of $2.70.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Tuesday, February 10th. The company reported ($0.02) earnings per share (EPS) 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 business had revenue of $17.07 million during the quarter, compared to the consensus estimate of $16.50 million. Analysts predict that Genasys will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. HRT Financial LP bought a new stake in Genasys in the 4th quarter valued at about $79,000. XTX Topco Ltd raised its position in shares of Genasys by 170.6% in 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 period. Marshall Wace LLP lifted its stake in shares of Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after buying an additional 51,127 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after buying an additional 46,452 shares during the period. Finally, Jane Street Group LLC grew its stake in Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after buying an additional 54,461 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.