Genasys (NASDAQ:GNSS) Price Target Raised to $6.00 at Ascendiant Capital Markets

Genasys (NASDAQ:GNSS) had its price target increased by equities researchers at Ascendiant Capital Markets from $5.50 to $6.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price indicates a potential upside of 184.36% from the stock’s current price.

GNSS has been the topic of several other research reports. Lake Street Capital began coverage on shares of Genasys in a report on Friday, March 13th. They issued a “buy” rating and a $4.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Genasys currently has an average rating of “Hold” and a consensus price target of $5.00.

Genasys Stock Down 1.9%

GNSS stock opened at $2.11 on Tuesday. The firm has a market cap of $96.09 million, a price-to-earnings ratio of -12.41 and a beta of 0.66. Genasys has a 12-month low of $1.40 and a 12-month high of $2.70. The company’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $2.02.

Genasys (NASDAQ:GNSS) last released its earnings results on Thursday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. Research analysts expect that Genasys will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Genasys

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC raised its holdings in shares of Genasys by 16.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock worth $2,847,000 after acquiring an additional 190,838 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Genasys by 10.7% in the 4th quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock worth $2,218,000 after acquiring an additional 100,253 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Genasys by 17.1% in the 4th quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock worth $618,000 after acquiring an additional 42,000 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Genasys by 76.6% in the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after acquiring an additional 79,493 shares during the last quarter. Finally, Aristides Capital LLC raised its holdings in shares of Genasys by 8.8% in the 1st quarter. Aristides Capital LLC now owns 122,655 shares of the company’s stock worth $223,000 after acquiring an additional 9,900 shares during the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

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.