Genasys Inc. (NASDAQ:GNSS) Director William H. Dodd Purchases 16,327 Shares

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

Genasys Trading Up 4.2 %

NASDAQ GNSS traded up $0.11 during trading hours on Friday, reaching $2.70. 232,981 shares of the stock traded hands, compared to its average volume of 96,775. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $3.73 and a two-hundred day simple moving average of $3.00. 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 brokerages recently issued reports on GNSS. Roth Mkm increased their price objective on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Northland Securities raised their price target on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Ascendiant Capital Markets upped their price objective on shares of Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research report on Monday, August 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Genasys by 14.0% in the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock worth $4,579,000 after buying an additional 237,871 shares during the period. Commonwealth Equity Services LLC bought a new position in Genasys during the 2nd quarter worth approximately $875,000. Cutter & CO Brokerage Inc. increased its stake in Genasys by 57.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock worth $403,000 after purchasing an additional 69,750 shares during the period. BOKF NA lifted its position in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after purchasing an additional 87,550 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted 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 valued at $1,666,000 after purchasing an additional 87,883 shares during the last quarter. 40.04% of the stock is currently owned by 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.