Evernest Financial Advisors LLC Invests $49,000 in Genasys Inc. (NASDAQ:GNSS)

Evernest Financial Advisors LLC bought a new position in shares of Genasys Inc. (NASDAQ:GNSS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,000 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also modified their holdings of GNSS. FNY Investment Advisers LLC increased its stake in shares of Genasys by 251.1% during the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after purchasing an additional 194,669 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares in the last quarter. 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 worth $1,724,000 after purchasing an additional 48,843 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Genasys by 12.0% during the third 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 in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Genasys during the third quarter worth about $70,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Stock Performance

GNSS opened at $3.05 on Friday. The firm has a market capitalization of $137.04 million, a PE ratio of -4.24 and a beta of 0.59. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $4.04. The firm’s 50-day moving average price is $3.02 and its 200 day moving average price is $3.18. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings results on Monday, December 9th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.15). Genasys had a negative return on equity of 104.49% and a negative net margin of 132.16%. As a group, sell-side analysts expect that Genasys Inc. will post -0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets boosted their price target on shares of Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research report on Monday, December 16th.

Insider Buying and Selling

In other news, Director William H. Dodd bought 16,327 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now directly owns 59,159 shares of the company’s stock, 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 SEC, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

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.