Genasys (NASDAQ:GNSS) Trading Up 0.5% – Still a Buy?

Genasys Inc. (NASDAQ:GNSS) rose 0.5% during mid-day trading 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

A number of research firms recently commented on GNSS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Ascendiant Capital Markets lowered their target price on Genasys from $5.75 to $5.25 and set a “buy” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.25.

Genasys Trading Down 3.2%

The stock has a market cap of $83.19 million, a PE ratio of -5.58 and a beta of 0.65. The firm has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $2.16.

Genasys (NASDAQ:GNSS) last posted 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 company had revenue of $17.07 million for the quarter, compared to analysts’ expectations of $16.50 million. Genasys had a negative net margin of 29.19% and a negative return on equity of 391.12%. Equities analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. HRT Financial LP purchased a new stake in shares of Genasys in the 4th quarter valued at $79,000. XTX Topco Ltd lifted its stake in Genasys by 170.6% in the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after purchasing an additional 32,481 shares during the last quarter. Marshall Wace LLP boosted its position in Genasys by 398.4% during 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. Goldman Sachs Group Inc. grew its stake in shares of Genasys by 114.0% during the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after buying an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after buying an additional 54,461 shares during the period. 40.04% of the stock is owned by hedge funds and other institutional investors.

Genasys Company Profile

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.