Barclays PLC Buys Shares of 19,680 Genasys Inc. (NASDAQ:GNSS)

Barclays PLC bought a new position in shares of Genasys Inc. (NASDAQ:GNSS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,680 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in shares of Genasys in the 2nd quarter worth about $875,000. BOKF NA grew 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 worth $364,000 after purchasing an additional 87,550 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Genasys by 23.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Genasys by 12.0% in the 3rd 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 during the period. 40.04% of the stock is currently owned by institutional investors.

Genasys Trading Up 1.4 %

GNSS stock opened at $2.83 on Friday. The company has a market capitalization of $127.15 million, a price-to-earnings ratio of -3.93 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. Genasys Inc. has a 1-year low of $1.51 and a 1-year high of $4.04. The business has a 50 day simple moving average of $3.28 and a two-hundred day simple moving average of $3.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GNSS shares. Roth Mkm increased their target price on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Ascendiant Capital Markets boosted their price target on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Northland Securities boosted their target price on shares of Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th.

Insider Buying and Selling

In other news, Director William H. Dodd acquired 16,327 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $2.65 per share, with a total value of $43,266.55. Following the acquisition, 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 filing with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

Genasys Profile

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.