Mark Culhane Acquires 17,587 Shares of Genasys Inc. (NASDAQ:GNSS) Stock

Genasys Inc. (NASDAQ:GNSS) Director Mark Culhane purchased 17,587 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the completion of the purchase, the director now directly 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 at this link.

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

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

Genasys Stock Down 1.5 %

Shares of Genasys stock traded down $0.04 during mid-day trading on Monday, hitting $2.70. The stock had a trading volume of 106,218 shares, compared to its average volume of 87,515. The firm has a market cap of $120.41 million, a P/E ratio of -4.42 and a beta of 0.53. The firm has a 50-day moving average of $2.36 and a two-hundred day moving average of $2.13. Genasys Inc. has a 12-month low of $1.51 and a 12-month high of $3.92.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Genasys by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after acquiring an additional 237,871 shares during the period. Victory Capital Management Inc. boosted its holdings in Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after acquiring an additional 10,212 shares during the period. Russell Investments Group Ltd. boosted its holdings in Genasys by 2.4% during the 4th quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock valued at $907,000 after acquiring an additional 10,419 shares during the period. BOKF NA boosted its holdings in Genasys by 54.8% during the 1st quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after acquiring an additional 30,000 shares during the period. Finally, Ieq Capital LLC purchased a new position in Genasys during the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.