Integrity Wealth Advisors Inc. Has $15.96 Million Stock Position in Genasys Inc. $GNSS

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 holdings in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,030,712 shares of the company's stock after purchasing an additional 322,373 shares during the quarter. Genasys makes up 11.7% of Integrity Wealth Advisors Inc.'s portfolio, making the stock its 3rd biggest holding. Integrity Wealth Advisors Inc. owned approximately 15.57% of Genasys worth $15,960,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC grew its position in shares of Genasys by 126.2% during the first quarter. Jane Street Group LLC now owns 97,618 shares of the company's stock worth $222,000 after purchasing an additional 54,461 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Genasys by 114.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company's stock valued at $198,000 after buying an additional 46,452 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in Genasys by 358.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 74,800 shares of the company's stock valued at $170,000 after buying an additional 58,500 shares in the last quarter. Evernest Financial Advisors LLC grew its holdings in Genasys by 1,548.8% during the 1st quarter. Evernest Financial Advisors LLC now owns 313,267 shares of the company's stock valued at $711,000 after buying an additional 294,267 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC purchased a new position in Genasys during the 1st quarter valued at approximately $659,000. Hedge funds and other institutional investors own 40.04% of the company's stock.

Genasys Trading Up 3.1%

Shares of GNSS stock traded up $0.07 on Wednesday, reaching $2.36. 271,947 shares of the company's stock were exchanged, compared to its average volume of 134,792. Genasys Inc. has a 52 week low of $1.46 and a 52 week high of $4.04. The stock has a market capitalization of $106.55 million, a PE ratio of -3.75 and a beta of 0.53. The company's fifty day simple moving average is $1.87 and its 200 day simple moving average is $1.92.

Genasys (NASDAQ:GNSS - Get Free Report) last issued its quarterly 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 the consensus estimate of $9.16 million. Genasys had a negative return on equity of 264.70% and a negative net margin of 92.19%. As a group, sell-side analysts predict that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNSS has been the subject of several research analyst reports. Ascendiant Capital Markets cut their price target on Genasys from $6.00 to $5.50 and set a "buy" rating for the company in a report on Friday, June 6th. Wall Street Zen upgraded Genasys from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Genasys currently has an average rating of "Buy" and a consensus target price of $5.00.

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.