Genasys (NASDAQ:GNSS) Trading Down 1.6% - What's Next?

Key Points

• Genasys shares fell 1.6% to about $1.89 on Tuesday with 70,858 shares traded (≈25% below the average); the stock has a market cap of ~$85.5M and 50‑/200‑day SMAs of $1.87 and $2.07 respectively.
• The company missed EPS for the quarter (reported ($0.02) vs. ($0.01) expected) while beating revenue ($17.07M vs. $16.50M); Genasys remains unprofitable with a -29.19% net margin and -391.12% ROE.
• Analyst coverage is mixed (two Buys, one Sell) with a consensus rating of "Hold" and an average price target of $4.75, and institutional investors own ~40% of the stock with recent stake increases from firms like Marshall Wace and Goldman Sachs.

Genasys Inc. (NASDAQ:GNSS - Get Free Report) shares fell 1.6% during trading on Tuesday . The company traded as low as $1.8450 and last traded at $1.89. 70,858 shares were traded during mid-day trading, a decline of 25% from the average session volume of 94,361 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GNSS. Weiss Ratings restated a "sell (e+)" rating on shares of Genasys in a research report on Monday, December 29th. Ascendiant Capital Markets upped their price target on Genasys from $5.25 to $5.50 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Finally, Lake Street Capital began coverage on Genasys in a research report on Friday, March 13th. They issued a "buy" rating and a $4.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.75.

Genasys Stock Down 1.6%

The stock has a fifty day simple moving average of $1.87 and a 200 day simple moving average of $2.07. The firm has a market capitalization of $85.45 million, a P/E ratio of -5.73 and a beta of 0.65.

Genasys (NASDAQ:GNSS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The business had revenue of $17.07 million for the quarter, compared to the consensus estimate of $16.50 million. Genasys had a negative net margin of 29.19% and a negative return on equity of 391.12%. Research analysts anticipate that Genasys Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genasys

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in Genasys by 398.4% during 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. HRT Financial LP bought a new stake in Genasys during the fourth quarter valued at about $79,000. Goldman Sachs Group Inc. raised its holdings in Genasys by 36.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company's stock valued at $257,000 after acquiring an additional 31,750 shares during the period. Prospera Financial Services Inc increased its holdings in shares of Genasys by 17.1% in the fourth quarter. Prospera Financial Services Inc now owns 288,150 shares of the company's stock worth $618,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Genasys by 16.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company's stock worth $2,847,000 after purchasing an additional 190,838 shares during the last quarter. 40.04% of the stock is owned by institutional investors.

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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