Lake Street Capital Initiates Coverage on Genasys (NASDAQ:GNSS)

Equities research analysts at Lake Street Capital initiated coverage on shares of Genasys (NASDAQ:GNSS) in a report released on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $4.00 price target on the stock. Lake Street Capital’s target price suggests a potential upside of 111.08% from the stock’s current price.

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

Genasys Price Performance

Shares of NASDAQ GNSS traded up $0.07 during trading hours on Friday, hitting $1.90. 80,386 shares of the company’s stock were exchanged, compared to its average volume of 170,390. The company’s 50-day moving average price is $2.02 and its 200-day moving average price is $2.16. Genasys has a 1-year low of $1.46 and a 1-year high of $2.70. The stock has a market capitalization of $85.67 million, a price-to-earnings ratio of -5.76 and a beta of 0.65.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 business had revenue of $17.07 million during the quarter, compared to the consensus estimate of $16.50 million. On average, research analysts expect that Genasys will post -0.23 earnings per share for the current year.

Institutional Trading of Genasys

Institutional investors have recently modified their holdings of the company. HRT Financial LP bought a new stake in shares of Genasys during the fourth quarter valued at approximately $79,000. XTX Topco Ltd lifted its position 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 period. Marshall Wace LLP lifted its position in Genasys by 398.4% in the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after purchasing an additional 51,127 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 buying an additional 46,452 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Genasys by 126.2% during 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 in the last quarter. Institutional investors and hedge funds 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.