Roth Mkm Raises Genasys (NASDAQ:GNSS) Price Target to $4.50

Genasys (NASDAQ:GNSS) had its price objective boosted by analysts at Roth Mkm from $3.50 to $4.50 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 29.31% from the stock’s previous close.

Several other research analysts also recently commented on GNSS. Northland Securities boosted their target price on Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Ascendiant Capital Markets upped their price target on Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research report on Monday, August 19th.

Genasys Stock Performance

Shares of GNSS stock opened at $3.48 on Thursday. The company’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $2.34. Genasys has a 12 month low of $1.51 and a 12 month high of $3.58. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.41. The firm has a market cap of $155.20 million, a PE ratio of -5.61 and a beta of 0.52.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $7.17 million for the quarter, compared to the consensus estimate of $7.48 million. Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities research analysts expect that Genasys will post -0.57 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Culhane bought 17,587 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $2.65 per share, with a total value of $46,605.55. Following the completion of the transaction, the director now directly owns 37,587 shares of the company’s stock, valued at approximately $99,605.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GNSS. Victory Capital Management Inc. lifted its stake in Genasys by 49.4% in the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the last quarter. BOKF NA increased its position in Genasys by 54.8% during the 1st quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after purchasing an additional 30,000 shares during the period. Cutter & CO Brokerage Inc. raised its stake in Genasys by 129.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock worth $286,000 after buying an additional 67,900 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Genasys in the 2nd quarter valued at approximately $875,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in Genasys by 4.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,054,481 shares of the company’s stock valued at $2,141,000 after buying an additional 42,703 shares during the period. Hedge funds and other institutional investors own 40.04% of the company’s stock.

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.