Genasys Inc. (NASDAQ:GNSS) Shares Bought by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. increased its holdings in Genasys Inc. (NASDAQ:GNSS) by 57.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 190,250 shares of the company’s stock after buying an additional 69,750 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Genasys were worth $403,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GNSS. Ieq Capital LLC acquired a new position in Genasys in the fourth quarter valued at approximately $62,000. Victory Capital Management Inc. raised its position in shares of Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the period. BOKF NA lifted its holdings in shares of Genasys by 54.8% in the 1st quarter. BOKF NA now owns 84,700 shares of the company’s stock worth $197,000 after purchasing an additional 30,000 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Genasys during the 2nd quarter valued at approximately $875,000. Finally, Russell Investments Group Ltd. grew 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 worth $907,000 after buying an additional 10,419 shares during the last quarter. Institutional investors own 40.04% of the company’s stock.

Insider Transactions at Genasys

In related news, Director Mark Culhane acquired 17,587 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the completion of the purchase, the director now directly owns 37,587 shares in the company, valued at $99,605.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Genasys Stock Performance

NASDAQ GNSS traded up $0.15 on Friday, hitting $3.12. The stock had a trading volume of 56,767 shares, compared to its average volume of 109,204. The company’s 50-day moving average is $2.59 and its two-hundred day moving average is $2.21. Genasys Inc. has a one year low of $1.51 and a one year high of $3.92. The stock has a market cap of $139.15 million, a price-to-earnings ratio of -5.03 and a beta of 0.53. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.41.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. The business had revenue of $7.17 million during the quarter, compared to the consensus estimate of $7.48 million. During the same period last year, the company earned ($0.04) earnings per share. On average, analysts expect that Genasys Inc. will post -0.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets raised their target price on Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research note on Monday, August 19th.

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.