Ascendiant Capital Markets Has Lowered Expectations for Genasys (NASDAQ:GNSS) Stock Price

Genasys (NASDAQ:GNSS) had its target price lowered by investment analysts at Ascendiant Capital Markets from $5.75 to $5.25 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price target suggests a potential upside of 135.43% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genasys in a research note on Friday, October 31st. Wall Street Zen upgraded Genasys from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.25.

Genasys Stock Down 0.9%

Shares of NASDAQ:GNSS opened at $2.23 on Monday. The firm has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $2.04. Genasys has a 52 week low of $1.46 and a 52 week high of $3.73. The stock has a market capitalization of $100.77 million, a P/E ratio of -5.57 and a beta of 0.59.

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

Institutional Investors Weigh In On Genasys

A number of institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP grew its position in Genasys by 76.6% in the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after acquiring an additional 79,493 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Genasys by 2.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock worth $2,784,000 after purchasing an additional 29,714 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Genasys by 8.7% during the third quarter. Prospera Financial Services Inc now owns 246,150 shares of the company’s stock valued at $603,000 after purchasing an additional 19,750 shares during the period. XTX Topco Ltd grew its holdings in shares of Genasys by 170.6% in the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after purchasing an additional 32,481 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its holdings 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 worth $1,166,000 after purchasing an additional 164,048 shares during the last quarter. 40.04% of the stock is owned by 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.