Royce & Associates LP Reduces Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

Royce & Associates LP decreased its position in shares of Genasys Inc. (NASDAQ:GNSS) by 36.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 520,252 shares of the company’s stock after selling 294,527 shares during the quarter. Royce & Associates LP’s holdings in Genasys were worth $1,353,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC purchased a new stake in shares of Genasys during the third quarter worth $70,000. Geode Capital Management LLC raised its position 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 in the last quarter. FNY Investment Advisers LLC boosted its stake in Genasys by 251.1% during the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock valued at $707,000 after buying an additional 194,669 shares during the period. Evernest Financial Advisors LLC purchased a new position in Genasys during the fourth quarter worth about $49,000. Finally, Intergy Private Wealth LLC bought a new position in Genasys in the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lifted their price target on Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research report on Monday, December 16th.

Genasys Stock Up 0.4 %

NASDAQ GNSS opened at $2.47 on Friday. Genasys Inc. has a 1 year low of $1.65 and a 1 year high of $4.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.33 and a quick ratio of 0.97. The business’s 50-day moving average is $2.84 and its 200 day moving average is $3.21. The stock has a market capitalization of $110.98 million, a PE ratio of -3.74 and a beta of 0.54.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.07. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. Sell-side analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current 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.