Genasys Inc. $GNSS is Integrity Wealth Advisors Inc.'s 3rd Largest Position

Key Points

• Integrity Wealth Advisors Inc. has increased its stake in Genasys Inc. to become its 3rd largest position, now owning approximately 11.7% of the company.
• Several hedge funds significantly boosted their holdings in Genasys during the first quarter, with Evernest Financial Advisors increasing their position by 1,548.8%.
• Genasys Inc. reported a loss of $0.14 EPS for the latest quarter, missing analysts' estimates while revenue exceeded expectations at $9.86 million.

Integrity Wealth Advisors Inc. increased its stake in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,030,712 shares of the company's stock after purchasing an additional 322,373 shares during the period. Genasys makes up approximately 11.7% of Integrity Wealth Advisors Inc.'s investment portfolio, making the stock its 3rd largest position. Integrity Wealth Advisors Inc. owned 15.57% of Genasys worth $15,960,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Evernest Financial Advisors LLC boosted its position in shares of Genasys by 1,548.8% during the 1st quarter. Evernest Financial Advisors LLC now owns 313,267 shares of the company's stock worth $711,000 after purchasing an additional 294,267 shares during the period. Fi3 FINANCIAL ADVISORS LLC purchased a new position in shares of Genasys during the 1st quarter worth approximately $659,000. FNY Investment Advisers LLC boosted its position in shares of Genasys by 87.5% during the 1st quarter. FNY Investment Advisers LLC now owns 510,314 shares of the company's stock worth $1,158,000 after purchasing an additional 238,114 shares during the period. Jane Street Group LLC purchased a new position in shares of Genasys during the 4th quarter worth approximately $112,000. Finally, Northern Trust Corp boosted its position 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 period. Hedge funds and other institutional investors own 40.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GNSS shares. Wall Street Zen raised shares of Genasys from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Ascendiant Capital Markets reduced their target price on shares of Genasys from $6.00 to $5.50 and set a "buy" rating on the stock in a report on Friday, June 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Genasys presently has a consensus rating of "Buy" and an average price target of $5.00.

Genasys Stock Up 2.9%

Genasys stock opened at $2.16 on Friday. The firm has a market cap of $97.52 million, a PE ratio of -3.43 and a beta of 0.53. Genasys Inc. has a 52-week low of $1.46 and a 52-week high of $4.04. The company's 50 day moving average is $1.85 and its two-hundred day moving average is $1.94.

Genasys (NASDAQ:GNSS - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The business had revenue of $9.86 million for the quarter, compared to analyst estimates of $9.16 million. Genasys had a negative return on equity of 264.70% and a negative net margin of 92.19%. On average, equities research analysts anticipate that Genasys Inc. will post -0.23 earnings per share 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.

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