Genasys (NASDAQ:GNSS) Trading Up 11.3% – What’s Next?

Genasys Inc. (NASDAQ:GNSS)’s stock price traded up 11.3% on Monday . The company traded as high as $2.40 and last traded at $2.36. 720,905 shares changed hands during trading, an increase of 650% from the average session volume of 96,127 shares. The stock had previously closed at $2.12.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Ascendiant Capital Markets dropped their price target on Genasys from $5.75 to $5.25 and set a “buy” rating for the company in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Genasys Stock Performance

The company’s fifty day moving average is $2.23 and its two-hundred day moving average is $2.10. The firm has a market cap of $106.65 million, a price-to-earnings ratio of -5.90 and a beta of 0.62.

Genasys (NASDAQ:GNSS) last released its quarterly earnings data on Tuesday, December 9th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $17.03 million for the quarter, compared to analyst estimates of $19.85 million. Genasys had a negative return on equity of 267.81% and a negative net margin of 44.44%. As a group, analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genasys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc acquired a new stake in Genasys in the second quarter valued at approximately $392,000. FNY Investment Advisers LLC grew its holdings in Genasys by 32.1% during the 2nd 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 in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after buying an additional 79,493 shares during the last quarter. Jane Street Group LLC grew its position in shares of Genasys by 126.2% during the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after buying an additional 54,461 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Genasys by 114.0% during the first 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 in the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

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.