Evernest Financial Advisors LLC Invests $49,000 in Genasys Inc. (NASDAQ:GNSS)

Evernest Financial Advisors LLC acquired a new position in Genasys Inc. (NASDAQ:GNSS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 19,000 shares of the company’s stock, valued at approximately $49,000.

Several other large investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its stake in Genasys by 251.1% during the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after buying an additional 194,669 shares during the period. Sequoia Financial Advisors LLC increased its stake in Genasys by 23.1% during the 3rd 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. Geode Capital Management LLC increased its stake in Genasys by 11.2% during the 3rd 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. Cutter & CO Brokerage Inc. increased its stake in Genasys by 12.0% during the 3rd 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. Finally, Barclays PLC purchased a new stake in Genasys during the 3rd quarter worth approximately $70,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Genasys

In other news, Director William H. Dodd acquired 16,327 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now owns 59,159 shares in the company, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

Genasys Price Performance

Shares of GNSS opened at $3.05 on Friday. Genasys Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $4.04. The firm’s 50 day moving average price is $3.02 and its 200 day moving average price is $3.18. The company has a market cap of $137.04 million, a P/E ratio of -4.24 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.68.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Monday, December 9th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.15). Genasys had a negative net margin of 132.16% and a negative return on equity of 104.49%. On average, research analysts forecast that Genasys Inc. will post -0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets upped their target price on shares of Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research note on Monday, December 16th.

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.