Ascendiant Capital Markets Cuts Genasys (NASDAQ:GNSS) Price Target to $5.25

Genasys (NASDAQ:GNSS) had its price target decreased by Ascendiant Capital Markets from $5.75 to $5.25 in a research report released on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Wall Street Zen raised shares of Genasys from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genasys in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Genasys Price Performance

Shares of GNSS opened at $2.22 on Monday. Genasys has a 12 month low of $1.46 and a 12 month high of $3.73. The stock’s 50-day moving average is $2.24 and its two-hundred day moving average is $2.04. The stock has a market cap of $100.10 million, a PE ratio of -5.54 and a beta of 0.59.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, December 9th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $17.03 million for the quarter, compared to the consensus estimate of $19.85 million. Genasys had a negative return on equity of 267.81% and a negative net margin of 44.44%. On average, research analysts anticipate that Genasys will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Genasys

A number of hedge funds have recently added to or reduced their stakes in GNSS. Integrity Wealth Advisors Inc. grew its position in shares of Genasys by 4.8% during the first quarter. Integrity Wealth Advisors Inc. now owns 7,030,712 shares of the company’s stock worth $15,960,000 after acquiring an additional 322,373 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Genasys by 114.0% during the 1st 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 period. Prospera Financial Services Inc bought a new position in Genasys in the 2nd quarter worth about $392,000. FNY Investment Advisers LLC increased its stake in shares of Genasys by 32.1% in the second quarter. FNY Investment Advisers LLC now owns 674,362 shares of the company’s stock valued at $1,166,000 after purchasing an additional 164,048 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Genasys by 358.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 74,800 shares of the company’s stock valued at $170,000 after purchasing an additional 58,500 shares during the period. 40.04% of the stock is currently owned by institutional investors.

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.