Renaissance Technologies LLC Reduces Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

Renaissance Technologies LLC reduced its stake in shares of Genasys Inc. (NASDAQ:GNSS) by 36.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,436 shares of the company’s stock after selling 107,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.42% of Genasys worth $396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BOKF NA boosted its position in shares of Genasys by 54.8% during the first quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after purchasing an additional 30,000 shares in the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Genasys by 129.1% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock worth $286,000 after buying an additional 67,900 shares during the period. Commonwealth Equity Services LLC purchased a new position in Genasys during the 2nd quarter valued at about $875,000. Finally, Vanguard Group Inc. lifted its position in 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. 40.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Mark Culhane bought 17,587 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the purchase, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Genasys Price Performance

Shares of NASDAQ GNSS opened at $3.77 on Friday. The company has a 50 day moving average of $3.13 and a 200 day moving average of $2.50. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.41. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $4.04. The firm has a market cap of $168.13 million, a P/E ratio of -6.45 and a beta of 0.53.

Genasys (NASDAQ:GNSS) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative net margin of 108.72% and a negative return on equity of 66.93%. The business had revenue of $7.17 million for the quarter, compared to analysts’ expectations of $7.48 million. During the same period last year, the business earned ($0.04) earnings per share. As a group, research analysts expect that Genasys Inc. will post -0.57 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.