Ascendiant Capital Markets Increases Genasys (NASDAQ:GNSS) Price Target to $4.75

Genasys (NASDAQ:GNSS) had its price target lifted by equities research analysts at Ascendiant Capital Markets from $4.25 to $4.75 in a report issued on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would indicate a potential upside of 73.99% from the stock’s current price.

Genasys Stock Performance

Shares of GNSS stock opened at $2.73 on Monday. Genasys has a 1 year low of $1.51 and a 1 year high of $3.92. The firm has a market capitalization of $121.75 million, a PE ratio of -4.40 and a beta of 0.53. The stock has a fifty day moving average of $2.40 and a two-hundred day moving average of $2.14.

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

Insider Buying and Selling

In other news, Director Mark Culhane purchased 17,587 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $2.65 per share, with a total value of $46,605.55. Following the purchase, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Genasys

A number of large investors have recently added to or reduced their stakes in the business. Cutter & CO Brokerage Inc. lifted its position in shares of Genasys by 64.4% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock valued at $107,000 after acquiring an additional 20,600 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Genasys by 2.4% during the fourth quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock valued at $907,000 after purchasing an additional 10,419 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Genasys by 49.4% during the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after purchasing an additional 10,212 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of Genasys in the 4th quarter valued at $62,000. Finally, Pacific Ridge Capital Partners LLC increased its stake 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 worth $2,141,000 after purchasing an additional 42,703 shares in the last quarter. 40.04% of the stock is currently owned by institutional investors.

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.