Insider Buying: Genasys Inc. (NASDAQ:GNSS) Director Purchases 16,327 Shares of Stock

Genasys Inc. (NASDAQ:GNSS) Director William H. Dodd acquired 16,327 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the acquisition, the director now owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Genasys Price Performance

GNSS opened at $2.70 on Friday. The firm’s fifty day moving average price is $3.71 and its two-hundred day moving average price is $3.01. The company has a market capitalization of $120.42 million, a price-to-earnings ratio of -3.75 and a beta of 0.51. 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Ascendiant Capital Markets boosted their price target on shares of Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research note on Monday, August 19th. Roth Mkm upped their target price on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Northland Securities boosted 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Genasys in the third quarter worth $70,000. BOKF NA boosted its holdings in shares of Genasys by 103.4% in the 2nd quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after buying an additional 87,550 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in Genasys by 57.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after buying an additional 69,750 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Genasys during the second quarter worth about $875,000. Finally, Sequoia Financial Advisors LLC raised its position in Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after acquiring an additional 87,883 shares during the period. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

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.