Roth Mkm Increases Genasys (NASDAQ:GNSS) Price Target to $4.50

Genasys (NASDAQ:GNSS) had its price objective upped by analysts at Roth Mkm from $3.50 to $4.50 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 31.20% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Ascendiant Capital Markets increased their price target on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Northland Securities increased their target price on Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th.

Genasys Price Performance

Shares of NASDAQ:GNSS opened at $3.43 on Thursday. The business has a fifty day simple moving average of $2.82 and a 200 day simple moving average of $2.33. Genasys has a 12-month low of $1.51 and a 12-month high of $3.58. The firm has a market cap of $152.97 million, a P/E ratio of -5.53 and a beta of 0.52. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.41.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. The company had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. Analysts predict that Genasys will post -0.57 earnings per share for the current year.

Insider Activity at Genasys

In related news, Director Mark Culhane acquired 17,587 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the purchase, the director now owns 37,587 shares in the company, valued at $99,605.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Genasys

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in shares of Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of Genasys by 4.2% during 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 acquiring an additional 42,703 shares during the period. Cutter & CO Brokerage Inc. increased its stake in shares of Genasys by 129.1% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock worth $286,000 after purchasing an additional 67,900 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 237,871 shares during the period. Finally, BOKF NA lifted its stake in Genasys by 54.8% in the first quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Company Profile

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.