Genasys (NASDAQ:GNSS) Posts Earnings Results, Meets Estimates

Genasys (NASDAQ:GNSS) posted its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03), FiscalAI reports. Genasys had a negative net margin of 92.19% and a negative return on equity of 264.70%. The company had revenue of $17.03 million during the quarter, compared to the consensus estimate of $19.85 million.

Genasys Stock Up 1.3%

Genasys stock traded up $0.03 during mid-day trading on Tuesday, reaching $2.39. 260,679 shares of the company’s stock were exchanged, compared to its average volume of 144,985. The business’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.00. Genasys has a one year low of $1.46 and a one year high of $3.73. The firm has a market capitalization of $107.91 million, a PE ratio of -3.79 and a beta of 0.59.

Institutional Investors Weigh In On Genasys

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its position in Genasys by 76.6% during the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after buying an additional 79,493 shares during the period. Jane Street Group LLC boosted 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 valued at $222,000 after acquiring an additional 54,461 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after acquiring an additional 46,452 shares during the last quarter. Finally, XTX Topco Ltd grew its position in shares of Genasys by 170.6% during the 2nd 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. 40.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GNSS shares. Wall Street Zen upgraded Genasys from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Ascendiant Capital Markets lifted their target price on Genasys from $5.50 to $5.75 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Genasys in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.75.

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.