Barclays PLC Acquires New Shares in Genasys Inc. (NASDAQ:GNSS)

Barclays PLC purchased a new stake in shares of Genasys Inc. (NASDAQ:GNSS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,680 shares of the company’s stock, valued at approximately $70,000.

Several other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Genasys by 23.1% in 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. Geode Capital Management LLC increased its position in Genasys by 11.2% during 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 during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its holdings in Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after buying an additional 22,750 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

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

Genasys Stock Performance

NASDAQ:GNSS opened at $3.01 on Friday. The firm has a market capitalization of $135.24 million, a PE ratio of -4.18 and a beta of 0.59. Genasys Inc. has a 1 year low of $1.51 and a 1 year high of $4.04. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $3.10 and its 200 day simple moving average is $3.16.

Genasys (NASDAQ:GNSS) last posted 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 return on equity of 104.49% and a negative net margin of 132.16%. On average, sell-side analysts anticipate that Genasys Inc. will post -0.27 EPS for the current year.

Insider Activity

In related news, Director William H. Dodd bought 16,327 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the purchase, the director now directly owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by company insiders.

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.