Genasys (NASDAQ:GNSS) Now Covered by Lake Street Capital

Lake Street Capital began coverage on shares of Genasys (NASDAQ:GNSS) in a research report sent to investors on Friday, MarketBeat.com reports. The firm issued a buy rating and a $4.00 price objective on the stock.

GNSS has been the topic of a number of other research reports. Ascendiant Capital Markets upped their target price on shares of Genasys from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.75.

Genasys Price Performance

Shares of GNSS opened at $1.83 on Friday. The business’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.16. Genasys has a twelve month low of $1.46 and a twelve month high of $2.70. The stock has a market cap of $82.73 million, a PE ratio of -5.55 and a beta of 0.65.

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

Institutional Trading of Genasys

A number of hedge funds have recently bought and sold shares of GNSS. HRT Financial LP purchased a new stake in Genasys in the fourth quarter worth approximately $79,000. XTX Topco Ltd raised its stake in shares of 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 acquiring an additional 32,481 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Genasys by 398.4% in 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Genasys by 114.0% in 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 last quarter. Finally, Jane Street Group LLC boosted its stake in shares of 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 purchasing an additional 54,461 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

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.