FNY Investment Advisers LLC Acquires 470,174 Shares of Genasys Inc. $GNSS

FNY Investment Advisers LLC grew its stake in shares of Genasys Inc. (NASDAQ:GNSS) by 69.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,145,726 shares of the company’s stock after buying an additional 470,174 shares during the period. Genasys comprises 0.7% of FNY Investment Advisers LLC’s portfolio, making the stock its 28th biggest holding. FNY Investment Advisers LLC’s holdings in Genasys were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. HRT Financial LP purchased a new position in shares of Genasys in the fourth quarter valued at $79,000. Susquehanna International Group LLP lifted its holdings in Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after purchasing an additional 79,493 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Genasys by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock worth $257,000 after purchasing an additional 31,750 shares in the last quarter. Jane Street Group LLC boosted its stake in Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after purchasing an additional 54,461 shares during the period. Finally, Marshall Wace LLP boosted its stake in Genasys by 398.4% in the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after purchasing an additional 51,127 shares during the period. 40.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on GNSS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Genasys in a report on Monday, May 11th. Wall Street Zen raised shares of Genasys to a “hold” rating in a report on Sunday, July 12th. Lake Street Capital set a $3.00 price objective on shares of Genasys in a research report on Friday, July 31st. Finally, Ascendiant Capital Markets boosted their price objective on shares of Genasys from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.50.

Genasys Price Performance

Shares of GNSS opened at $1.76 on Friday. Genasys Inc. has a 1-year low of $1.40 and a 1-year high of $2.70. The company has a market capitalization of $80.15 million, a P/E ratio of -10.35 and a beta of 0.73. The firm’s 50 day simple moving average is $1.77 and its 200 day simple moving average is $1.87.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. On average, equities analysts anticipate that Genasys Inc. will post 0.04 earnings per share for the current year.

About Genasys

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.