LRAD (NASDAQ:GNSS) Earns “Buy” Rating from Oppenheimer
Oppenheimer restated their buy rating on shares of LRAD (NASDAQ:GNSS) in a research report released on Tuesday morning, Stock Target Advisor reports. Oppenheimer currently has a $5.00 price objective on the stock. Oppenheimer also issued estimates for LRAD’s Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.06 EPS and FY2020 earnings at $0.13 EPS.
Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded LRAD from a c rating to a b- rating in a report on Monday, December 9th. ValuEngine cut LRAD from a hold rating to a sell rating in a report on Tuesday, January 7th.
GNSS stock opened at $3.22 on Tuesday. LRAD has a 52-week low of $2.37 and a 52-week high of $4.24. The business’s fifty day simple moving average is $3.46. The firm has a market capitalization of $109.01 million, a PE ratio of 40.26 and a beta of 0.31.
A number of institutional investors have recently modified their holdings of GNSS. Park Avenue Securities LLC acquired a new position in LRAD in the fourth quarter valued at $65,000. WealthTrust Axiom LLC acquired a new position in LRAD in the fourth quarter valued at $50,000. Pointe Capital Management LLC acquired a new position in LRAD in the fourth quarter valued at $33,000. State Street Corp acquired a new position in LRAD in the fourth quarter valued at $59,000. Finally, Royce & Associates LP acquired a new position in LRAD in the fourth quarter valued at $246,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.
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