Genasys Inc. (NASDAQ:GNSS) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its holdings in shares of Genasys Inc. (NASDAQ:GNSS) by 10.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,845 shares of the company’s stock after selling 6,563 shares during the quarter. Essex Investment Management Co. LLC owned 0.13% of Genasys worth $148,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Evernest Financial Advisors LLC acquired a new stake in shares of Genasys in the fourth quarter worth $49,000. Barclays PLC acquired a new stake in Genasys in the 3rd quarter valued at $70,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Genasys during the fourth quarter worth about $63,000. Intergy Private Wealth LLC purchased a new stake in shares of Genasys in the fourth quarter worth about $68,000. Finally, Geode Capital Management LLC boosted its position in shares of Genasys by 11.2% in the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after buying an additional 48,843 shares during the period. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets upped their price target on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a report on Monday, December 16th.

Insider Activity

In other news, Director William H. Dodd purchased 16,327 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now owns 59,159 shares of the company’s stock, valued at $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.40% of the company’s stock.

Genasys Stock Up 6.2 %

Shares of NASDAQ GNSS opened at $2.41 on Monday. The firm has a market cap of $108.29 million, a price-to-earnings ratio of -3.65 and a beta of 0.54. Genasys Inc. has a 1 year low of $1.65 and a 1 year high of $4.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.97 and a current ratio of 1.33. The stock’s 50-day simple moving average is $2.92 and its 200-day simple moving average is $3.26.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. As a group, equities analysts anticipate that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

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.