Manatuck Hill Partners LLC Purchases Shares of 1,000,000 Genasys Inc. $GNSS

Manatuck Hill Partners LLC acquired a new stake in Genasys Inc. (NASDAQ:GNSS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $1,700,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Genasys in the 2nd quarter valued at about $1,189,000. FNY Investment Advisers LLC increased its position in Genasys by 69.6% during the second quarter. FNY Investment Advisers LLC now owns 1,145,726 shares of the company’s stock worth $1,947,000 after buying an additional 470,174 shares during the last quarter. Aristides Capital LLC increased its position in Genasys by 8.8% during the first quarter. Aristides Capital LLC now owns 122,655 shares of the company’s stock worth $223,000 after buying an additional 9,900 shares during the last quarter. Marshall Wace LLP raised its stake in Genasys by 398.4% in the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after buying an additional 51,127 shares during the period. Finally, HRT Financial LP bought a new stake in Genasys in the fourth quarter valued at approximately $79,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GNSS shares. Ascendiant Capital Markets boosted their target price on Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Lake Street Capital set a $3.00 price target on Genasys in a report on Friday, July 31st. Wall Street Zen raised shares of Genasys to a “hold” rating in a research report on Sunday, July 12th. Roth Capital set a $3.60 price objective on shares of Genasys in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of Genasys from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Genasys has an average rating of “Hold” and a consensus target price of $4.20.

Genasys Price Performance

Shares of NASDAQ GNSS opened at $1.67 on Wednesday. The stock has a market capitalization of $76.05 million, a PE ratio of -12.85 and a beta of 0.73. The business has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.84. Genasys Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $2.70.

Genasys (NASDAQ:GNSS) last released its earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). Genasys had a negative net margin of 10.86% and a negative return on equity of 435.06%. The company had revenue of $7.29 million for the quarter, compared to the consensus estimate of $15.47 million. On average, equities analysts expect that Genasys Inc. will post -0.04 EPS for the current year.

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.