Genasys (NASDAQ:GNSS) Given New $5.75 Price Target at Ascendiant Capital Markets

Genasys (NASDAQ:GNSS) had its target price boosted by investment analysts at Ascendiant Capital Markets from $5.50 to $5.75 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would suggest a potential upside of 138.59% from the stock’s previous close.

GNSS has been the topic of a number of other research reports. Wall Street Zen upgraded Genasys from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.75.

Genasys Stock Up 3.0%

Genasys stock opened at $2.41 on Monday. Genasys has a 12-month low of $1.46 and a 12-month high of $4.04. The business’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $1.93. The stock has a market cap of $108.81 million, a PE ratio of -3.83 and a beta of 0.69.

Genasys (NASDAQ:GNSS) last released its earnings results on Thursday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Genasys had a negative net margin of 92.19% and a negative return on equity of 264.70%. The business had revenue of $9.86 million during the quarter, compared to the consensus estimate of $9.16 million. As a group, analysts expect that Genasys will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Genasys

A number of institutional investors have recently modified their holdings of the company. Integrity Wealth Advisors Inc. lifted its position in shares of Genasys by 4.8% during the 1st quarter. Integrity Wealth Advisors Inc. now owns 7,030,712 shares of the company’s stock valued at $15,960,000 after buying an additional 322,373 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of 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 buying an additional 164,048 shares during the last quarter. Evernest Financial Advisors LLC lifted its position in shares of Genasys by 1,548.8% during the 1st quarter. Evernest Financial Advisors LLC now owns 313,267 shares of the company’s stock valued at $711,000 after buying an additional 294,267 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC purchased a new position in shares of Genasys during the 1st quarter valued at $659,000. Finally, Prospera Financial Services Inc purchased a new position in shares of Genasys during the 2nd quarter valued at $392,000. 40.04% of the stock is owned by institutional investors and hedge funds.

Genasys Company Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.