Genasys Inc. (NASDAQ:GNSS) Director William H. Dodd Acquires 16,327 Shares of Stock

Genasys Inc. (NASDAQ:GNSS) Director William H. Dodd bought 16,327 shares of Genasys stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the acquisition, the director now directly owns 59,159 shares in the company, valued at approximately $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Genasys Trading Up 4.2 %

NASDAQ:GNSS opened at $2.70 on Friday. Genasys Inc. has a 52 week low of $1.51 and a 52 week high of $4.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. The firm’s fifty day moving average is $3.71 and its 200-day moving average is $3.01. The firm has a market cap of $120.42 million, a P/E ratio of -3.75 and a beta of 0.51.

Institutional Trading of Genasys

A number of institutional investors have recently bought and sold shares of GNSS. Commonwealth Equity Services LLC bought a new position in shares of Genasys during the 2nd quarter worth approximately $875,000. Vanguard Group Inc. lifted its position in shares of Genasys by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after acquiring an additional 237,871 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after acquiring an additional 87,883 shares in the last quarter. BOKF NA grew its holdings in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after purchasing an additional 87,550 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its stake in Genasys by 57.9% in the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after purchasing an additional 69,750 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Northland Securities boosted their price objective on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Roth Mkm upped their price target on Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Ascendiant Capital Markets raised their price objective on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research report on Monday, August 19th.

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.