Manatuck Hill Partners LLC Invests $1.70 Million in Genasys Inc. $GNSS

Key Points

• Manatuck Hill Partners acquired 1 million Genasys shares worth approximately $1.7 million, representing about 2.2% of the company. Institutional investors and hedge funds collectively own 40.04% of GNSS.
• Analyst sentiment is mixed: two analysts rate Genasys a Buy and one rates it Sell, producing a consensus Hold rating and an average price target of $4.20.
• Genasys reported a quarterly loss of $0.10 per share, missing the $0.02 consensus estimate, while revenue of $7.29 million fell well short of the $15.47 million forecast. Shares opened at $1.67, near the lower end of their 12-month range.

Manatuck Hill Partners LLC acquired a new stake in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,000,000 shares of the company's stock, valued at approximately $1,700,000. Manatuck Hill Partners LLC owned approximately 2.20% of Genasys at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. HRT Financial LP acquired a new stake in Genasys during the 4th quarter worth approximately $79,000. XTX Topco Ltd boosted its holdings 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 buying an additional 32,481 shares during the period. Marshall Wace LLP boosted its holdings 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 buying an additional 51,127 shares during the period. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 46,452 shares in the last quarter. Finally, Jane Street Group LLC increased its position 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 acquiring an additional 54,461 shares in the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Genasys Trading Down 0.6%

Shares of GNSS opened at $1.67 on Wednesday. The stock has a market capitalization of $76.05 million, a price-to-earnings ratio of -12.85 and a beta of 0.73. Genasys Inc. has a 12 month low of $1.40 and a 12 month high of $2.70. The firm has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.84.

Genasys (NASDAQ:GNSS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $15.47 million. As a group, research analysts predict that Genasys Inc. will post -0.04 earnings per share for the current fiscal year.

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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