FNY Investment Advisers LLC Has $1.16 Million Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

FNY Investment Advisers LLC boosted its holdings in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) by 87.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 510,314 shares of the company's stock after purchasing an additional 238,114 shares during the period. FNY Investment Advisers LLC owned approximately 1.14% of Genasys worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boothbay Fund Management LLC purchased a new stake in shares of Genasys in the 4th quarter valued at approximately $31,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Genasys in the 4th quarter valued at approximately $42,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Genasys in the 4th quarter valued at approximately $63,000. XTX Topco Ltd purchased a new stake in shares of Genasys in the 4th quarter valued at approximately $66,000. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Genasys by 36.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company's stock valued at $70,000 after acquiring an additional 7,250 shares in the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on GNSS. Wall Street Zen downgraded shares of Genasys from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Ascendiant Capital Markets reduced 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.

Genasys Stock Up 4.1%

Genasys stock traded up $0.06 during trading hours on Thursday, hitting $1.53. The company had a trading volume of 62,604 shares, compared to its average volume of 125,730. The firm has a market capitalization of $69.08 million, a P/E ratio of -2.39 and a beta of 0.54. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.04 and a quick ratio of 0.65. The firm's fifty day moving average is $1.85 and its 200-day moving average is $2.44. Genasys Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $4.04.

Genasys (NASDAQ:GNSS - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $6.93 million during the quarter, compared to analyst estimates of $8.05 million. Genasys had a negative net margin of 101.82% and a negative return on equity of 166.96%. On average, research analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current year.

About Genasys

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.