Genasys Inc. (NASDAQ:GNSS) Director Buys $46,605.55 in Stock

Genasys Inc. (NASDAQ:GNSS) Director Mark Culhane purchased 17,587 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $2.65 per share, for a total transaction of $46,605.55. Following the completion of the purchase, the director now owns 37,587 shares of the company’s stock, valued at $99,605.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mark Culhane also recently made the following trade(s):

• On Monday, August 19th, Mark Culhane purchased 613 shares of Genasys stock. The shares were purchased at an average price of $2.70 per share, for a total transaction of $1,655.10.

Genasys Stock Performance

Shares of GNSS opened at $2.70 on Tuesday. The company has a market capitalization of $120.41 million, a price-to-earnings ratio of -4.35 and a beta of 0.53. The company’s 50 day simple moving average is $2.38 and its 200 day simple moving average is $2.13. Genasys Inc. has a 1 year low of $1.51 and a 1 year high of $3.92.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative return on equity of 46.55% and a negative net margin of 71.72%. The company had revenue of $7.17 million for the quarter, compared to analyst estimates of $7.48 million. During the same period last year, the company posted ($0.04) EPS. Equities analysts expect that Genasys Inc. will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Genasys

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ieq Capital LLC acquired a new position in Genasys during the fourth quarter worth approximately $62,000. Victory Capital Management Inc. increased its position in Genasys by 49.4% during the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in Genasys by 64.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock worth $107,000 after purchasing an additional 20,600 shares during the last quarter. BOKF NA increased its position in Genasys by 54.8% during the first quarter. BOKF NA now owns 84,700 shares of the company’s stock worth $197,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in Genasys during the second quarter worth approximately $875,000. Institutional investors and hedge funds own 40.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets boosted their price target on shares of Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research note on Monday.

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.