Evernest Financial Advisors LLC raised its position in Genasys Inc. (NASDAQ:GNSS - Free Report) by 1,548.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,267 shares of the company's stock after buying an additional 294,267 shares during the period. Evernest Financial Advisors LLC owned 0.70% of Genasys worth $711,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of GNSS. Boothbay Fund Management LLC acquired a new position in Genasys during the fourth quarter worth $31,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Genasys in the 4th quarter valued at approximately $42,000. XTX Topco Ltd acquired a new stake in Genasys during the 4th quarter worth approximately $66,000. Integrated Wealth Concepts LLC raised its holdings in Genasys by 36.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company's stock worth $70,000 after purchasing an additional 7,250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Genasys during the 4th quarter valued at $71,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.
Genasys Stock Up 1.2%
Shares of GNSS traded up $0.02 during midday trading on Monday, reaching $1.63. 27,688 shares of the company were exchanged, compared to its average volume of 134,155. The company has a market cap of $73.59 million, a price-to-earnings ratio of -2.53 and a beta of 0.59. Genasys Inc. has a 1-year low of $1.46 and a 1-year high of $4.04. The company has a current ratio of 1.04, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The stock has a 50-day moving average price of $1.73 and a 200-day moving average price of $2.14.
Genasys (NASDAQ:GNSS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Genasys had a negative return on equity of 166.96% and a negative net margin of 101.82%. The firm had revenue of $6.93 million for the quarter, compared to analysts' expectations of $8.05 million. Research analysts expect that Genasys Inc. will post -0.23 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on GNSS shares. Ascendiant Capital Markets dropped their price target on shares of Genasys from $6.00 to $5.50 and set a "buy" rating for the company in a research report on Friday, June 6th. Wall Street Zen upgraded Genasys from a "sell" rating to a "hold" rating in a research report on Friday, July 18th.
Get Our Latest Research Report on GNSS
Genasys Company Profile
(
Free Report)
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.
See Also

Before you consider Genasys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genasys wasn't on the list.
While Genasys currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.