FNY Investment Advisers LLC Grows Holdings in Genasys Inc. $GNSS

FNY Investment Advisers LLC boosted its position in Genasys Inc. (NASDAQ:GNSS) by 69.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,145,726 shares of the company’s stock after purchasing an additional 470,174 shares during the period. Genasys comprises 0.7% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 28th biggest position. FNY Investment Advisers LLC owned approximately 2.52% of Genasys worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after buying an additional 46,452 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after acquiring an additional 54,461 shares in the last quarter. XTX Topco Ltd increased its position in shares of Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after acquiring an additional 32,481 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Genasys by 76.6% during the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after acquiring an additional 79,493 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Genasys by 16.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock valued at $2,847,000 after acquiring an additional 190,838 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GNSS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Genasys in a research report on Monday, May 11th. Ascendiant Capital Markets upped their price objective on Genasys from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Genasys to a “hold” rating in a research report on Sunday, July 12th. Finally, Lake Street Capital set a $3.00 target price on Genasys in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.50.

Genasys Stock Performance

Shares of GNSS opened at $1.76 on Friday. Genasys Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $2.70. The business has a 50-day moving average of $1.77 and a 200 day moving average of $1.87. The firm has a market cap of $80.15 million, a P/E ratio of -10.35 and a beta of 0.73.

Genasys (NASDAQ:GNSS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. As a group, research analysts predict that Genasys Inc. will post 0.04 earnings per share for the current fiscal year.

Genasys Profile

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.