Genasys (NASDAQ:GNSS) Given New $5.50 Price Target at Ascendiant Capital Markets

Genasys (NASDAQ:GNSS) had its target price boosted by equities researchers at Ascendiant Capital Markets from $4.75 to $5.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective points to a potential upside of 103.70% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Northland Securities boosted 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. Roth Mkm lifted their price target on shares of Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a report on Thursday, September 19th.

Genasys Stock Up 4.2 %

NASDAQ GNSS opened at $2.70 on Monday. Genasys has a 12 month low of $1.51 and a 12 month high of $4.04. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock has a market cap of $120.42 million, a PE ratio of -3.75 and a beta of 0.51. The stock’s 50 day moving average is $3.71 and its 200 day moving average is $3.03.

Insider Buying and Selling at Genasys

In other Genasys news, Director William H. Dodd purchased 16,327 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $2.65 per share, with a total value of $43,266.55. Following the completion of the purchase, the director now directly owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in Genasys during the third quarter valued at $70,000. Cutter & CO Brokerage Inc. grew its holdings in Genasys by 12.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after purchasing an additional 22,750 shares during 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 purchasing an additional 48,843 shares during the last quarter. BOKF NA boosted its position in shares of Genasys by 103.4% during the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after buying an additional 87,550 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after buying an additional 87,883 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

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.