AWM Investment Company Inc. Makes New Investment in Genasys Inc. $GNSS

Key Points

• AWM Investment Company acquired 5.65 million Genasys shares worth approximately $9.6 million, giving it a 12.41% stake. Institutional investors collectively own 40.04% of the company.
• Genasys reported disappointing quarterly results, with a loss of $0.10 per share versus estimates of $0.02 and revenue of $7.29 million versus expectations of $15.47 million.
• GNSS shares opened at $1.67, near their 50-day average, while analyst sentiment remains mixed: the stock has an average “Hold” rating and a $4.20 average price target.

AWM Investment Company Inc. bought a new stake in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,649,544 shares of the company's stock, valued at approximately $9,604,000. AWM Investment Company Inc. owned about 12.41% of Genasys as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. HRT Financial LP purchased a new position in Genasys during the fourth quarter worth $79,000. XTX Topco Ltd raised its stake in shares of Genasys by 170.6% in the second quarter. XTX Topco Ltd now owns 51,516 shares of the company's stock valued at $89,000 after acquiring an additional 32,481 shares during the period. Marshall Wace LLP raised its stake in shares of Genasys by 398.4% in the fourth 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 period. Goldman Sachs Group Inc. lifted its holdings in shares of Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company's stock worth $198,000 after acquiring an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Genasys by 126.2% in 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 last quarter. Institutional investors own 40.04% of the company's stock.

Genasys Price Performance

Shares of NASDAQ:GNSS opened at $1.67 on Wednesday. The business's 50-day moving average is $1.71 and its 200 day moving average is $1.84. Genasys Inc. has a 1 year low of $1.40 and a 1 year high of $2.70. The firm has a market capitalization of $76.05 million, a P/E ratio of -12.85 and a beta of 0.73.

Genasys (NASDAQ:GNSS - Get Free Report) last issued 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 return on equity of 435.06% and a negative net margin of 10.86%.The business had revenue of $7.29 million for the quarter, compared to analysts' expectations of $15.47 million. On average, analysts expect that Genasys Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Capital set a $3.60 price objective on Genasys in a report on Friday, August 14th. Wall Street Zen raised Genasys to a "hold" rating in a research report on Sunday, July 12th. Lake Street Capital set a $3.00 target price on Genasys in a research note on Friday, July 31st. Weiss Ratings upgraded Genasys from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday. Finally, Ascendiant Capital Markets boosted their target price on shares of Genasys from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.20.

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.

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