William H. Dodd Acquires 16,327 Shares of Genasys Inc. (NASDAQ:GNSS) Stock

Genasys Inc. (NASDAQ:GNSS) Director William H. Dodd purchased 16,327 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased 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 of the company’s stock, valued at $156,771.35. The trade was a 38.12 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Genasys Trading Up 4.2 %

Shares of GNSS stock opened at $2.70 on Friday. Genasys Inc. has a 1 year low of $1.51 and a 1 year high of $4.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. The stock’s 50 day simple moving average is $3.71 and its two-hundred day simple moving average is $3.02. The company has a market cap of $120.42 million, a PE ratio of -3.75 and a beta of 0.51.

Analyst Upgrades and Downgrades

GNSS has been the subject of a number of research reports. Roth Mkm increased their price target on Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research note on Thursday, September 19th. Ascendiant Capital Markets upped their price objective on Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Northland Securities upped their price objective on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th.

Institutional Investors Weigh In On Genasys

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC purchased a new stake in shares of Genasys in the third quarter worth approximately $70,000. Cutter & CO Brokerage Inc. raised its holdings in shares of Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after buying an additional 22,750 shares during the period. Geode Capital Management LLC raised its holdings 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. BOKF NA raised its holdings in shares of Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after buying an additional 87,550 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after buying an additional 87,883 shares during the period. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

About Genasys

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.