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

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

Analysts Set New Price Targets

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

Genasys Trading Down 1.6%

The business’s fifty day moving average price is $1.86 and its 200 day moving average price is $1.94. The firm has a market capitalization of $82.43 million, a price-to-earnings ratio of -10.65 and a beta of 0.73.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.20 million. As a group, sell-side analysts forecast that Genasys Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Genasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNSS. HRT Financial LP purchased a new position in shares of Genasys in the 4th quarter valued at 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 purchasing an additional 32,481 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Genasys by 398.4% during 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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. Finally, Jane Street Group LLC lifted its holdings in shares of 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 purchasing an additional 54,461 shares during the period. 40.04% of the stock is owned by hedge funds and other institutional investors.

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.