Genasys (NASDAQ:GNSS) Upgraded to Hold at Wall Street Zen

Genasys (NASDAQ:GNSS) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report released on Sunday.

A number of other equities analysts have also commented on the company. Ascendiant Capital Markets lifted their price objective on Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Genasys currently has an average rating of “Hold” and an average price target of $5.00.

Genasys Price Performance

Shares of Genasys stock traded down $0.03 during trading on Friday, hitting $1.81. The company’s stock had a trading volume of 52,298 shares, compared to its average volume of 112,617. The stock has a market cap of $82.43 million, a price-to-earnings ratio of -10.65 and a beta of 0.73. Genasys has a 52 week low of $1.40 and a 52 week high of $2.70. The stock has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $1.94.

Genasys (NASDAQ:GNSS) last announced its earnings results on Thursday, May 14th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Genasys had a negative return on equity of 314.53% and a negative net margin of 13.44%.The firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.20 million. On average, equities analysts predict that Genasys will post 0.04 EPS for the current fiscal year.

Institutional Trading of Genasys

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP lifted its position in shares of Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after acquiring an additional 51,127 shares during the period. Goldman Sachs Group Inc. grew its holdings in 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 purchasing an additional 31,750 shares during the period. Susquehanna International Group LLP increased its stake in Genasys by 76.6% in the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after purchasing an additional 79,493 shares in the last quarter. XTX Topco Ltd increased its stake in Genasys by 170.6% in the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after purchasing an additional 32,481 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings 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 valued at $222,000 after purchasing an additional 54,461 shares during the period. Institutional investors 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.