Northland Securities analyst Michael Latimore maintained a Buy rating on Genasys (GNSS) today and set a price target of $9.00. The company’s shares closed last Wednesday at $7.27.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 42.8% and a 66.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Ribbon Communications, and Limelight Networks.
Genasys has an analyst consensus of Strong Buy, with a price target consensus of $8.83, a 25.2% upside from current levels. In a report issued on February 9, Jefferies also maintained a Buy rating on the stock with a $9.00 price target.
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Genasys’ market cap is currently $244.6M and has a P/E ratio of 22.60. The company has a Price to Book ratio of 5.84.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GNSS in relation to earlier this year. Most recently, in December 2020, Richard Hoe Osgood, a Director at GNSS bought 20,000 shares for a total of $40,400.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Genasys, Inc. engages in the design, development, and commercialization of directed sound technologies and products. The company operates in two segments: LRAD and Genasys Spain. The company was founded by Elwood G. Norris in 1980 and is headquartered in San Diego, CA.