Genasys Inc. (NASDAQ:GNSS – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 695,600 shares, an increase of 24.7% from the September 30th total of 557,700 shares. Based on an average trading volume of 97,500 shares, the short-interest ratio is presently 7.1 days.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Ascendiant Capital Markets increased 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 increased 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 increased their target price on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th.
Get Our Latest Stock Analysis on GNSS
Genasys Stock Down 1.8 %
Genasys (NASDAQ:GNSS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. Genasys had a negative net margin of 108.72% and a negative return on equity of 66.93%. During the same quarter last year, the business earned ($0.04) EPS. Sell-side analysts predict that Genasys will post -0.57 earnings per share for the current year.
Insider Activity at Genasys
In other Genasys news, Director Mark Culhane acquired 17,587 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $2.65 per share, with a total value of $46,605.55. Following the purchase, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Genasys
Hedge funds and other institutional investors have recently modified their holdings of the company. BOKF NA lifted its position in Genasys by 54.8% during the first quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after buying an additional 30,000 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in Genasys by 129.1% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock valued at $286,000 after purchasing an additional 67,900 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Genasys during the 2nd quarter valued at $875,000. Sequoia Financial Advisors LLC grew its holdings in Genasys by 23.1% during the 3rd 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 in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Genasys by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after purchasing an additional 237,871 shares in the last quarter. 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.
See Also
- Five stocks we like better than Genasys
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- What is a Bond Market Holiday? How to Invest and Trade
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Genasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genasys and related companies with MarketBeat.com's FREE daily email newsletter.