William H. Dodd Buys 16,327 Shares of Genasys Inc. (NASDAQ:GNSS) Stock

Genasys Inc. (NASDAQ:GNSS - Get Free Report) Director William H. Dodd acquired 16,327 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $2.65 per share, with a total value of $43,266.55. Following the completion of the purchase, the director now owns 59,159 shares of the company's stock, valued at approximately $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Genasys Price Performance

Shares of NASDAQ:GNSS traded up $0.11 during mid-day trading on Friday, reaching $2.70. The company had a trading volume of 232,981 shares, compared to its average volume of 96,775. Genasys Inc. has a one year low of $1.51 and a one year high of $4.04. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The company's 50-day moving average price is $3.73 and its 200-day moving average price is $3.00.

Analyst Ratings Changes

Several equities analysts have weighed in on GNSS shares. Ascendiant Capital Markets raised their price objective on Genasys from $4.25 to $4.75 and gave the company a "buy" rating in a research note on Monday, August 19th. Northland Securities lifted their target price on shares of Genasys from $4.50 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th. Finally, Roth Mkm upped their price objective on Genasys from $3.50 to $4.50 and gave the company a "buy" rating in a research note on Thursday, September 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Genasys by 14.0% during the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company's stock worth $4,579,000 after purchasing an additional 237,871 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Genasys during the 2nd quarter valued at approximately $875,000. BOKF NA boosted its holdings in Genasys by 103.4% in the 2nd quarter. BOKF NA now owns 172,250 shares of the company's stock worth $364,000 after buying an additional 87,550 shares during the period. Sequoia Financial Advisors LLC grew its stake in Genasys by 23.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock valued at $1,666,000 after buying an additional 87,883 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its holdings in Genasys by 57.9% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company's stock valued at $403,000 after acquiring an additional 69,750 shares during the period. 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.

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