Ascendiant Capital Markets Cuts Genasys (NASDAQ:GNSS) Price Target to $5.00

Genasys (NASDAQ:GNSS) had its target price decreased by Ascendiant Capital Markets from $6.00 to $5.00 in a research note issued to investors on Friday, MarketBeat.com reports. Ascendiant Capital Markets currently has a buy rating on the stock.

GNSS has been the subject of several other research reports. Lake Street Capital set a $3.00 price target on Genasys in a research report on Friday, July 31st. Roth Capital set a $3.60 price objective on Genasys in a research report on Friday, August 14th. Weiss Ratings raised Genasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen upgraded Genasys to a “hold” rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.87.

Genasys Price Performance

Shares of NASDAQ GNSS opened at $1.45 on Friday. The firm’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.83. The company has a market capitalization of $66.03 million, a PE ratio of -11.15 and a beta of 0.73. Genasys has a 12-month low of $1.40 and a 12-month high of $2.70.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). Genasys had a negative return on equity of 435.06% and a negative net margin of 10.86%.The business had revenue of $7.29 million for the quarter, compared to analysts’ expectations of $15.47 million. On average, analysts forecast that Genasys will post -0.04 EPS for the current fiscal year.

Institutional Trading of Genasys

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in shares of Genasys during the 2nd quarter worth $28,000. HRT Financial LP purchased a new stake in shares of Genasys in the fourth quarter valued at $79,000. XTX Topco Ltd grew 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 grew its position in shares of 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. Finally, Goldman Sachs Group Inc. increased its stake in Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after purchasing an additional 46,452 shares during the last quarter. 40.04% of the stock is owned by hedge funds and other institutional investors.

Genasys Company Profile

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.