699,267 Shares in Genasys Inc. $GNSS Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 699,267 shares of Genasys in the second quarter, valued at approximately $1.19 million and representing a 1.54% stake. Institutional investors collectively own 40.04% of the company.
• Genasys reported weak quarterly results, posting a loss of $0.10 per share versus the expected loss of $0.02 and revenue of $7.29 million versus estimates of $15.47 million.
• GNSS recently traded near $1.45, close to its 52-week low of $1.40. Analysts maintain a consensus “Hold” rating with an average price target of $3.87, though ratings range from Buy to Sell.

BlackRock Inc. bought a new stake in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 699,267 shares of the company's stock, valued at approximately $1,189,000. BlackRock Inc. owned 1.54% of Genasys as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNSS. FNY Investment Advisers LLC raised its stake in shares of Genasys by 69.6% during the second quarter. FNY Investment Advisers LLC now owns 1,145,726 shares of the company's stock worth $1,947,000 after buying an additional 470,174 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Genasys by 16.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company's stock valued at $2,847,000 after acquiring an additional 190,838 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company's stock worth $449,000 after acquiring an additional 79,493 shares during the period. Jane Street Group LLC grew its holdings in Genasys by 126.2% during the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company's stock worth $222,000 after acquiring an additional 54,461 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company's stock valued at $138,000 after acquiring an additional 51,127 shares during the last quarter. Institutional investors and hedge funds own 40.04% of the company's stock.

Genasys Price Performance

NASDAQ:GNSS opened at $1.45 on Monday. The business's 50-day simple moving average is $1.68 and its 200-day simple moving average is $1.81. Genasys Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $2.70. The stock has a market capitalization of $66.03 million, a PE ratio of -11.15 and a beta of 0.72.

Genasys (NASDAQ:GNSS - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). Genasys had a negative net margin of 10.86% and a negative return on equity of 435.06%. The company had revenue of $7.29 million during the quarter, compared to the consensus estimate of $15.47 million. On average, research analysts expect that Genasys Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

GNSS has been the subject of a number of recent analyst reports. Roth Capital set a $3.60 price objective on Genasys in a report on Friday, August 14th. Ascendiant Capital Markets lowered their price target on Genasys from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Genasys to a "hold" rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Genasys from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 21st. Finally, Lake Street Capital set a $3.00 price objective on shares of Genasys in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Genasys has a consensus rating of "Hold" and a consensus target price of $3.87.

Genasys 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.

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