Genasys (NASDAQ:GNSS) Trading Down 3.9% – What’s Next?

Genasys Inc. (NASDAQ:GNSS) dropped 3.9% during trading on Monday . The stock traded as low as $1.40 and last traded at $1.74. Approximately 377,206 shares were traded during trading, an increase of 290% from the average daily volume of 96,839 shares. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

GNSS has been the subject of several recent research reports. Lake Street Capital initiated coverage on Genasys in a research report on Friday, March 13th. They set a “buy” rating and a $4.00 price target for the company. Ascendiant Capital Markets increased their price target on Genasys from $5.25 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Genasys in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.75.

Genasys Stock Up 2.2%

The firm has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $2.12. The stock has a market cap of $82.29 million, a P/E ratio of -5.52 and a beta of 0.65.

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

Hedge Funds Weigh In On Genasys

A number of hedge funds have recently bought and sold shares of the business. HRT Financial LP bought a new position in shares of Genasys during the fourth quarter worth approximately $79,000. XTX Topco Ltd grew its position in Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after buying an additional 32,481 shares in the last quarter. Marshall Wace LLP increased its stake in Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after acquiring an additional 51,127 shares during the period. Goldman Sachs Group Inc. increased its stake in Genasys by 114.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after acquiring an additional 46,452 shares during the period. Finally, Jane Street Group LLC raised its holdings in Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after acquiring an additional 54,461 shares in the last quarter. 40.04% of the stock is owned by institutional investors.

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.