Genasys (NASDAQ:GNSS) Price Target Raised to $5.50

Genasys (NASDAQ:GNSS) had its target price raised by Ascendiant Capital Markets from $4.75 to $5.50 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on GNSS. Northland Securities increased their price target on Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Roth Mkm increased their target price on Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research report on Thursday, September 19th.

Genasys Trading Down 4.7 %

Shares of Genasys stock opened at $2.45 on Monday. Genasys has a fifty-two week low of $1.51 and a fifty-two week high of $4.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. The company has a market cap of $109.28 million, a P/E ratio of -3.40 and a beta of 0.51. The firm has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $3.03.

Insiders Place Their Bets

In other Genasys news, Director William H. Dodd bought 16,327 shares of Genasys 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 completion of the transaction, the director now directly 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 available through this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Genasys in the third quarter valued at $70,000. Cutter & CO Brokerage Inc. raised its holdings in Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after acquiring an additional 22,750 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 48,843 shares during the last quarter. BOKF NA grew its holdings in Genasys by 103.4% during the 2nd quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after acquiring an additional 87,550 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised 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 in the last quarter. Hedge funds and other institutional investors 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.