Commonwealth Equity Services LLC Takes $875,000 Position in Genasys Inc. (NASDAQ:GNSS)

Commonwealth Equity Services LLC purchased a new stake in shares of Genasys Inc. (NASDAQ:GNSS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 413,580 shares of the company’s stock, valued at approximately $875,000. Commonwealth Equity Services LLC owned about 0.93% of Genasys at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in 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 buying an additional 237,871 shares during the last quarter. Victory Capital Management Inc. raised its position in Genasys by 49.4% during the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after purchasing an additional 10,212 shares during the period. BOKF NA raised its position in 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 during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Genasys by 4.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,054,481 shares of the company’s stock worth $2,141,000 after buying an additional 42,703 shares during the period. Finally, Cutter & CO Brokerage Inc. raised its holdings in shares of Genasys by 129.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock worth $286,000 after buying an additional 67,900 shares during the period. 40.04% of the stock is owned by institutional investors.

Insider Transactions at Genasys

In other Genasys news, Director Mark Culhane acquired 17,587 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $2.65 per share, with a total value of $46,605.55. Following the transaction, the director now directly owns 37,587 shares of the company’s stock, valued at $99,605.55. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Genasys Stock Down 1.4 %

Shares of NASDAQ GNSS opened at $3.43 on Wednesday. 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 stock has a market capitalization of $152.97 million, a PE ratio of -5.53 and a beta of 0.52. The stock’s fifty day simple moving average is $2.80 and its two-hundred day simple moving average is $2.32. Genasys Inc. has a 12-month low of $1.51 and a 12-month high of $3.58.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 period in the previous year, the business earned ($0.04) EPS. As a group, analysts expect that Genasys Inc. will post -0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.