Ascendiant Capital Markets Forecasts Strong Price Appreciation for Genasys (NASDAQ:GNSS) Stock

Genasys (NASDAQ:GNSS) had its price target increased by equities researchers at Ascendiant Capital Markets from $4.75 to $5.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective indicates a potential upside of 114.01% from the stock’s previous close.

Several other research firms have also recently issued reports on GNSS. Roth Mkm raised their price objective on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a report on Thursday, September 19th. Northland Securities raised their price target on Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th.

Genasys Price Performance

NASDAQ:GNSS opened at $2.57 on Monday. The firm has a market cap of $114.63 million, a price-to-earnings ratio of -3.57 and a beta of 0.51. Genasys has a 12-month low of $1.51 and a 12-month high of $4.04. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $3.66 and its two-hundred day moving average is $3.04.

Insider Transactions at Genasys

In other Genasys news, Director William H. Dodd acquired 16,327 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $2.65 per share, with a total value of $43,266.55. Following the completion of the transaction, the director now directly owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Genasys

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Genasys by 11.2% in the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock valued at $1,724,000 after buying an additional 48,843 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after acquiring an additional 87,883 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Genasys during the second quarter valued at approximately $875,000. Cutter & CO Brokerage Inc. lifted its position in shares of Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after purchasing an additional 22,750 shares in the last quarter. Finally, BOKF NA boosted its stake in shares of Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after purchasing an additional 87,550 shares during the period. 40.04% of the stock is owned by hedge funds and other institutional investors.

About Genasys

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.