Fi3 FINANCIAL ADVISORS LLC Takes Position in Genasys Inc. (NASDAQ:GNSS)

Key Points

• Fi3 Financial Advisors LLC acquired 290,346 shares of Genasys Inc. for approximately $659,000, representing about 0.65% of the company's total shares.
• Wall Street analysts have adjusted Genasys's price target, with Ascendiant Capital Markets lowering it from $6.00 to $5.50 while maintaining a "buy" rating.
• Genasys reported a loss of ($0.14) earnings per share for the last quarter, missing estimates, with a revenue of $6.93 million versus projected $8.05 million.

Fi3 FINANCIAL ADVISORS LLC purchased a new position in Genasys Inc. (NASDAQ:GNSS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 290,346 shares of the company's stock, valued at approximately $659,000. Fi3 FINANCIAL ADVISORS LLC owned 0.65% of Genasys at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GNSS. FNY Investment Advisers LLC grew its holdings in Genasys by 87.5% during the 1st quarter. FNY Investment Advisers LLC now owns 510,314 shares of the company's stock valued at $1,158,000 after buying an additional 238,114 shares during the last quarter. Jane Street Group LLC acquired a new position in Genasys in the 4th quarter valued at about $112,000. Northern Trust Corp boosted its stake in shares of Genasys by 11.6% during the 4th quarter. Northern Trust Corp now owns 91,588 shares of the company's stock worth $238,000 after purchasing an additional 9,504 shares during the last quarter. Integrity Wealth Advisors Inc. purchased a new stake in shares of Genasys during the fourth quarter worth about $17,406,000. Finally, Millennium Management LLC purchased a new stake in shares of Genasys during the fourth quarter worth about $348,000. 40.04% of the stock is owned by hedge funds and other institutional investors.

Genasys Trading Down 1.8%

Genasys stock traded down $0.03 during trading on Friday, reaching $1.61. The company had a trading volume of 44,837 shares, compared to its average volume of 102,190. Genasys Inc. has a 12-month low of $1.46 and a 12-month high of $4.04. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.65 and a current ratio of 1.04. The stock's 50 day moving average price is $1.73 and its two-hundred day moving average price is $2.15. The firm has a market capitalization of $72.70 million, a price-to-earnings ratio of -2.52 and a beta of 0.59.

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). The company had revenue of $6.93 million for the quarter, compared to analysts' expectations of $8.05 million. Genasys had a negative net margin of 101.82% and a negative return on equity of 166.96%. As a group, equities analysts expect that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

GNSS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Genasys from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Ascendiant Capital Markets decreased their price objective on Genasys from $6.00 to $5.50 and set a "buy" rating on the stock in a report on Friday, June 6th.

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.