Genasys (NASDAQ:GNSS) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Genasys (NASDAQ:GNSS) from a hold rating to a sell rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Genasys is a global provider of critical communications solutions to help keep people safe. During public safety threats and critical business events, the Company’s unified platform of LRAD(TM) systems, Critical Communications as a Service software and integrated solutions provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after crisis situations. Genasys critical communication systems are in service around the world in diverse applications, including public safety, national emergency warning systems, mass notification, defense, law enforcement, critical infrastructure protection and many more. “

Separately, Stephens started coverage on shares of Genasys in a research note on Monday, November 15th. They set an overweight rating and a $8.00 target price on the stock.

NASDAQ:GNSS opened at $3.92 on Wednesday. The company’s 50-day simple moving average is $4.18 and its 200-day simple moving average is $4.92. The stock has a market capitalization of $143.00 million, a P/E ratio of 196.10 and a beta of 0.48. Genasys has a fifty-two week low of $3.30 and a fifty-two week high of $8.32.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Monday, November 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Genasys had a net margin of 1.50% and a return on equity of 1.19%. During the same period in the previous year, the company posted $0.08 EPS. Equities analysts expect that Genasys will post -0.09 earnings per share for the current fiscal year.

In related news, CEO Richard Danforth acquired 6,500 shares of Genasys stock in a transaction that occurred on Monday, December 6th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $25,025.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Ergoteles LLC bought a new stake in shares of Genasys during the 2nd quarter worth about $834,000. Essex Investment Management Co. LLC grew its position in Genasys by 1.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 186,196 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,937 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Genasys by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 277,971 shares of the company’s stock valued at $1,523,000 after buying an additional 51,478 shares during the last quarter. LPL Financial LLC boosted its position in shares of Genasys by 2.7% in the 2nd quarter. LPL Financial LLC now owns 107,292 shares of the company’s stock worth $588,000 after purchasing an additional 2,813 shares during the last quarter. Finally, TrinityPoint Wealth LLC acquired a new stake in Genasys during the 2nd quarter worth $82,000. 44.68% of the stock is currently owned by institutional investors.

About Genasys

Genasys, Inc provides critical communications systems and solutions and multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.

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