Geode Capital Management LLC Acquires 48,843 Shares of Genasys Inc. (NASDAQ:GNSS)

Geode Capital Management LLC raised its holdings in Genasys Inc. (NASDAQ:GNSS) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 483,882 shares of the company’s stock after buying an additional 48,843 shares during the quarter. Geode Capital Management LLC’s holdings in Genasys were worth $1,724,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GNSS. Commonwealth Equity Services LLC purchased a new stake in Genasys in the second quarter worth $875,000. Sequoia Financial Advisors LLC increased its position in Genasys by 23.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares during the period. BOKF NA raised 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 purchasing an additional 87,550 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its position in shares of Genasys by 12.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after purchasing an additional 22,750 shares during the period. Finally, Barclays PLC bought a new stake in shares of Genasys during the 3rd quarter valued at about $70,000. 40.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Mkm increased their price target on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Ascendiant Capital Markets increased their target price on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Northland Securities raised their target price on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th.

Genasys Stock Up 1.4 %

Shares of Genasys stock opened at $2.83 on Thursday. Genasys Inc. has a 1 year low of $1.51 and a 1 year high of $4.04. The firm has a market cap of $127.15 million, a price-to-earnings ratio of -3.93 and a beta of 0.59. The company has a 50-day moving average of $3.29 and a 200 day moving average of $3.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98.

Insiders Place Their Bets

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 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 in the company, valued at approximately $156,771.35. The trade was a 38.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

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.