Genasys Inc. (NASDAQ:GNSS) Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Genasys Inc. (NASDAQ:GNSS) by 23.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,883 shares of the company’s stock after purchasing an additional 87,883 shares during the quarter. Sequoia Financial Advisors LLC owned about 1.05% of Genasys worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GNSS. Cutter & CO Brokerage Inc. increased its position in Genasys by 129.1% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock valued at $286,000 after acquiring an additional 67,900 shares during the period. Vanguard Group Inc. increased its holdings in shares of Genasys by 14.0% during the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after purchasing an additional 237,871 shares during the period. BOKF NA raised its stake in shares of Genasys by 54.8% during the first quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Genasys in the second quarter worth about $875,000. Institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Northland Securities raised their target price on shares of Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Ascendiant Capital Markets boosted their target price on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Roth Mkm increased their price target on Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research note on Thursday, September 19th.

Genasys Price Performance

Shares of NASDAQ GNSS opened at $3.85 on Friday. The firm has a 50-day moving average of $3.37 and a two-hundred day moving average of $2.60. The company has a market capitalization of $171.48 million, a price-to-earnings ratio of -6.21 and a beta of 0.53. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $4.04.

Genasys (NASDAQ:GNSS) last issued its earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business 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 previous year, the business posted ($0.04) earnings per share. As a group, analysts expect that Genasys Inc. will post -0.57 earnings per share for the current fiscal year.

Insider Transactions at Genasys

In related news, Director Mark Culhane bought 17,587 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were bought 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. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.50% of the company’s stock.

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.