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

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

Genasys Stock Up 4.2 %

GNSS stock opened at $2.70 on Monday. The stock has a market capitalization of $120.42 million, a P/E ratio of -3.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. Genasys Inc. has a one year low of $1.51 and a one year high of $4.04. The company has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.03.

Analysts Set New Price Targets

Several analysts have commented on the stock. Roth Mkm lifted their target price on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Ascendiant Capital Markets lifted their target price on shares of Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research note on Monday, August 19th. Finally, Northland Securities lifted their target price on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th.

Hedge Funds Weigh In On Genasys

Hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Genasys in the 3rd quarter valued at $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 valued at $364,000 after purchasing an additional 87,550 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Genasys by 57.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after purchasing an additional 69,750 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Genasys in the 2nd quarter valued at $875,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Genasys by 23.1% in 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 during the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

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.