Genasys' (GNSS) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• Genasys' stock has been reaffirmed with a "sell (e+)" rating by Weiss Ratings, while some analysts like Wall Street Zen have upgraded it to a "hold" rating.
• Institutional investors have increased their holdings in Genasys significantly, with one firm growing its stake by 1,548.8% in the first quarter.
• The company reported a quarterly loss of ($0.14) earnings per share, missing expectations, despite revenues exceeding analysts' forecasts at $9.86 million.

Genasys (NASDAQ:GNSS - Get Free Report)'s stock had its "sell (e+)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on the company. Wall Street Zen upgraded Genasys from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Ascendiant Capital Markets raised their price target on Genasys from $5.50 to $5.75 and gave the stock a "buy" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.75.

Genasys Stock Performance

GNSS stock opened at $2.24 on Wednesday. Genasys has a 1 year low of $1.46 and a 1 year high of $4.04. The firm has a market cap of $101.14 million, a P/E ratio of -3.56 and a beta of 0.69. The stock has a 50-day simple moving average of $2.04 and a 200-day simple moving average of $1.94.

Genasys (NASDAQ:GNSS - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Genasys had a negative return on equity of 264.70% and a negative net margin of 92.19%.The business had revenue of $9.86 million for the quarter, compared to analysts' expectations of $9.16 million. On average, equities research analysts predict that Genasys will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Genasys

A number of institutional investors have recently bought and sold shares of GNSS. Integrity Wealth Advisors Inc. grew its stake in Genasys by 4.8% in the first quarter. Integrity Wealth Advisors Inc. now owns 7,030,712 shares of the company's stock valued at $15,960,000 after purchasing an additional 322,373 shares in the last quarter. Evernest Financial Advisors LLC grew its stake in Genasys by 1,548.8% in the first quarter. Evernest Financial Advisors LLC now owns 313,267 shares of the company's stock valued at $711,000 after purchasing an additional 294,267 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC purchased a new position in Genasys in the first quarter valued at about $659,000. FNY Investment Advisers LLC grew its stake in Genasys by 87.5% in the first quarter. FNY Investment Advisers LLC now owns 510,314 shares of the company's stock valued at $1,158,000 after purchasing an additional 238,114 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Genasys in the second quarter valued at about $392,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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