Genasys (NASDAQ:GNSS) Stock Price Up 0.5% – Here’s Why

Shares of Genasys Inc. (NASDAQ:GNSS) were up 0.5% on Tuesday . The company traded as high as $2.00 and last traded at $1.99. Approximately 122,077 shares were traded during trading, a decline of 19% from the average daily volume of 150,022 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Ascendiant Capital Markets dropped their price objective on shares of Genasys from $5.75 to $5.25 and set a “buy” rating on the stock in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.25.

Genasys Stock Up 0.5%

The firm has a market capitalization of $89.97 million, a price-to-earnings ratio of -6.03 and a beta of 0.65. The company’s 50 day moving average is $2.07 and its 200 day moving average is $2.16.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $16.50 million. Genasys had a negative return on equity of 391.12% and a negative net margin of 29.19%. On average, analysts expect that Genasys Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Genasys

Large investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC raised its holdings in shares of Genasys by 16.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock worth $2,847,000 after buying an additional 190,838 shares in the last quarter. FNY Investment Advisers LLC grew its position in Genasys by 10.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock valued at $2,218,000 after acquiring an additional 100,253 shares during the last quarter. Prospera Financial Services Inc raised its stake in Genasys by 17.1% during the fourth quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock worth $618,000 after acquiring an additional 42,000 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Genasys by 76.6% in the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after acquiring an additional 79,493 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Genasys by 36.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock worth $257,000 after acquiring an additional 31,750 shares during the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

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.