Genasys Inc. $GNSS Shares Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its stake in Genasys Inc. (NASDAQ:GNSS) by 32.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 674,362 shares of the company’s stock after acquiring an additional 164,048 shares during the period. FNY Investment Advisers LLC’s holdings in Genasys were worth $1,166,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Essex Investment Management Co. LLC boosted its position in shares of Genasys by 29.8% in the first quarter. Essex Investment Management Co. LLC now owns 73,763 shares of the company’s stock worth $167,000 after acquiring an additional 16,918 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in Genasys by 358.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 74,800 shares of the company’s stock valued at $170,000 after purchasing an additional 58,500 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after buying an additional 46,452 shares during the last quarter. Jane Street Group LLC boosted its holdings in Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after purchasing an additional 54,461 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC acquired a new position in shares of Genasys during the first quarter valued at $659,000. 40.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GNSS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Wednesday, October 8th. Ascendiant Capital Markets boosted their price objective on Genasys from $5.50 to $5.75 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised Genasys from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Genasys has a consensus rating of “Hold” and an average target price of $5.75.

Genasys Stock Performance

GNSS opened at $2.19 on Wednesday. The business has a 50 day moving average price of $2.15 and a 200 day moving average price of $1.93. Genasys Inc. has a twelve month low of $1.46 and a twelve month high of $4.04. The firm has a market cap of $98.89 million, a P/E ratio of -3.48 and a beta of 0.69.

Genasys (NASDAQ:GNSS) last posted its earnings results on Thursday, August 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Genasys had a negative return on equity of 264.70% and a negative net margin of 92.19%.The company had revenue of $9.86 million during the quarter, compared to analyst estimates of $9.16 million. As a group, analysts anticipate that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Genasys 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.