Genasys (NASDAQ:GNSS) Given New $4.75 Price Target at Ascendiant Capital Markets

Genasys (NASDAQ:GNSS) had its target price raised by Ascendiant Capital Markets from $4.25 to $4.75 in a report released on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

Genasys Stock Performance

Genasys stock opened at $3.00 on Monday. The firm has a market capitalization of $133.79 million, a price-to-earnings ratio of -4.84 and a beta of 0.53. Genasys has a fifty-two week low of $1.51 and a fifty-two week high of $3.92. The stock’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.15.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative net margin of 71.72% and a negative return on equity of 46.55%. The business had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Genasys will post -0.56 EPS for the current fiscal year.

Insider Activity at Genasys

In other news, Director Mark Culhane acquired 17,587 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the acquisition, the director now directly owns 37,587 shares in the company, valued at approximately $99,605.55. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. BOKF NA lifted its stake in shares of Genasys by 103.4% during the second quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after purchasing an additional 87,550 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in Genasys by 57.9% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock worth $403,000 after buying an additional 69,750 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Genasys during the 2nd quarter worth $875,000. Vanguard Group Inc. lifted its holdings in Genasys by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock worth $4,579,000 after buying an additional 237,871 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position in Genasys by 4.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,054,481 shares of the company’s stock valued at $2,141,000 after buying an additional 42,703 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.