Genasys (NASDAQ:GNSS) Stock Price Down 2.1% – Time to Sell?

Genasys Inc. (NASDAQ:GNSS) was down 2.1% during trading on Thursday . The stock traded as low as $1.83 and last traded at $1.84. 170,162 shares were traded during mid-day trading, an increase of 53% from the average session volume of 111,212 shares. The stock had previously closed at $1.88.

Analysts Set New Price Targets

A number of equities analysts recently commented on GNSS shares. Ascendiant Capital Markets increased their price objective on Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Finally, Lake Street Capital started coverage on shares of Genasys in a research report on Friday, March 13th. They issued a “buy” rating and a $4.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.00.

Genasys Price Performance

The company has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $1.94. The company has a market capitalization of $83.79 million, a P/E ratio of -10.82 and a beta of 0.73.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.20 million. Genasys had a negative return on equity of 314.53% and a negative net margin of 13.44%. Equities analysts anticipate that Genasys Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Genasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNSS. Goldman Sachs Group Inc. boosted its position in Genasys by 114.0% during the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after purchasing an additional 46,452 shares during the period. Jane Street Group LLC grew its holdings in 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 last quarter. XTX Topco Ltd raised its position in shares of 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 during the period. Susquehanna International Group LLP raised its position in shares of 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 during the period. Finally, FNY Investment Advisers LLC lifted its stake in shares of Genasys by 10.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock worth $2,218,000 after buying an additional 100,253 shares during the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

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.