Mark Culhane Buys 17,587 Shares of Genasys Inc. (NASDAQ:GNSS) Stock

Genasys Inc. (NASDAQ:GNSS) Director Mark Culhane acquired 17,587 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the completion of the transaction, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mark Culhane also recently made the following trade(s):

• On Monday, August 19th, Mark Culhane bought 613 shares of Genasys stock. The stock was purchased at an average cost of $2.70 per share, with a total value of $1,655.10.

Genasys Price Performance

Shares of NASDAQ GNSS opened at $2.81 on Thursday. Genasys Inc. has a 1 year low of $1.51 and a 1 year high of $3.92. The firm has a 50-day moving average of $2.41 and a 200 day moving average of $2.15. The stock has a market cap of $125.32 million, a P/E ratio of -4.53 and a beta of 0.53.

Genasys (NASDAQ:GNSS) last released its earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative net margin of 71.72% and a negative return on equity of 46.55%. The business had revenue of $7.17 million for the quarter, compared to analysts’ expectations of $7.48 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Research analysts expect that Genasys Inc. will post -0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets upped their price target on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research note on Monday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Cutter & CO Brokerage Inc. increased its holdings in shares of Genasys by 64.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock valued at $107,000 after acquiring an additional 20,600 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Genasys by 2.4% during the 4th quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock valued at $907,000 after acquiring an additional 10,419 shares during the period. Victory Capital Management Inc. raised its stake in Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after buying an additional 10,212 shares during the last quarter. Ieq Capital LLC bought a new position in Genasys in the fourth quarter valued at about $62,000. Finally, Pacific Ridge Capital Partners LLC boosted 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 last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Company 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.