Genasys (NASDAQ:GNSS) Shares Up 1.1% - Here's What Happened

Genasys Inc. (NASDAQ:GNSS - Get Free Report)'s share price shot up 1.1% during trading on Monday . The company traded as high as $2.92 and last traded at $2.85. 84,283 shares were traded during trading, a decline of 27% from the average session volume of 115,857 shares. The stock had previously closed at $2.82.

Analysts Set New Price Targets

A number of research analysts have weighed in on GNSS shares. Roth Mkm increased their target price on Genasys from $3.50 to $4.50 and gave the company a "buy" rating in a report on Thursday, September 19th. Ascendiant Capital Markets lifted their price target on shares of Genasys from $4.75 to $5.50 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Northland Securities increased their target price on Genasys from $4.50 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th.

Genasys Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. The firm has a market capitalization of $125.35 million, a PE ratio of -3.87 and a beta of 0.59. The company has a fifty day moving average price of $3.33 and a 200-day moving average price of $3.12.

Insider Activity

In related news, Director William H. Dodd bought 16,327 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Genasys

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Genasys by 11.2% during the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company's stock valued at $1,724,000 after buying an additional 48,843 shares during the period. Sequoia Financial Advisors LLC lifted its position in Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock valued at $1,666,000 after acquiring an additional 87,883 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Genasys in the 2nd quarter worth $875,000. Cutter & CO Brokerage Inc. boosted its holdings in Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company's stock worth $758,000 after acquiring an additional 22,750 shares in the last quarter. Finally, BOKF NA grew its position in Genasys by 103.4% during the 2nd quarter. BOKF NA now owns 172,250 shares of the company's stock worth $364,000 after purchasing an additional 87,550 shares during the last quarter. Institutional investors own 40.04% of the company's stock.

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.