Geode Capital Management LLC Acquires 48,843 Shares of Genasys Inc. (NASDAQ:GNSS)

Geode Capital Management LLC increased its stake in Genasys Inc. (NASDAQ:GNSS) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,882 shares of the company’s stock after purchasing an additional 48,843 shares during the period. Geode Capital Management LLC owned approximately 1.08% of Genasys worth $1,724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in Genasys in the 2nd quarter worth approximately $875,000. BOKF NA grew its position 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 acquiring an additional 87,550 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after acquiring an additional 87,883 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after acquiring an additional 22,750 shares during the last quarter. Finally, Barclays PLC purchased a new stake in Genasys during the third quarter valued at about $70,000. 40.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Genasys

In other news, Director William H. Dodd bought 16,327 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $2.65 per share, with a total value of $43,266.55. Following the completion of the purchase, the director now directly owns 59,159 shares in the company, valued at $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GNSS. Ascendiant Capital Markets increased their price objective on Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research report on Monday, December 16th. Roth Mkm upped their target price on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Northland Securities lifted their price target 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.

Genasys Stock Up 1.4 %

Shares of NASDAQ:GNSS opened at $2.83 on Thursday. The stock has a market capitalization of $127.15 million, a P/E ratio of -3.93 and a beta of 0.59. The stock’s 50-day moving average price is $3.29 and its 200-day moving average price is $3.12. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. Genasys Inc. has a 12-month low of $1.51 and a 12-month high of $4.04.

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.