Cutter & CO Brokerage Inc. Lowers Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

Cutter & CO Brokerage Inc. decreased its position in shares of Genasys Inc. (NASDAQ:GNSS) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 202,900 shares of the company’s stock after selling 10,100 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Genasys were worth $528,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in Genasys in the 4th quarter worth $63,000. Intergy Private Wealth LLC purchased a new stake in Genasys in the 4th quarter worth $68,000. Evernest Financial Advisors LLC purchased a new stake in Genasys in the 4th quarter worth $49,000. FNY Investment Advisers LLC lifted its stake in Genasys by 251.1% in the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after purchasing an additional 194,669 shares in the last quarter. Finally, Barclays PLC purchased a new stake in Genasys in the 3rd quarter worth $70,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets boosted their price target 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.

Insider Activity

In other news, Director William H. Dodd purchased 16,327 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now owns 59,159 shares of the company’s stock, 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 is available at this link. Corporate insiders own 7.40% of the company’s stock.

Genasys Stock Down 0.7 %

Shares of GNSS stock opened at $2.88 on Wednesday. The company’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $3.27. The company has a quick ratio of 0.97, a current ratio of 1.33 and a debt-to-equity ratio of 0.91. The stock has a market cap of $129.41 million, a P/E ratio of -4.36 and a beta of 0.62. Genasys Inc. has a 52 week low of $1.65 and a 52 week high of $4.04.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. Analysts predict that Genasys Inc. will post -0.23 EPS for the current fiscal year.

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.