Sequoia Financial Advisors LLC Has $1.24 Million Stock Position in Genasys Inc. (NASDAQ:GNSS)

Sequoia Financial Advisors LLC boosted its position in shares of Genasys Inc. (NASDAQ:GNSS) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 477,883 shares of the company’s stock after buying an additional 10,000 shares during the period. Sequoia Financial Advisors LLC’s holdings in Genasys were worth $1,242,000 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. Raymond James Financial Inc. bought a new position in shares of Genasys in the fourth quarter valued at approximately $138,000. Y Intercept Hong Kong Ltd acquired a new stake in Genasys during the 4th quarter valued at $63,000. Intergy Private Wealth LLC bought a new position in Genasys in the 4th quarter valued at $68,000. Evernest Financial Advisors LLC acquired a new position in Genasys in the fourth quarter worth $49,000. Finally, FNY Investment Advisers LLC grew its holdings 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 during the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Genasys Stock Up 6.4 %

NASDAQ:GNSS opened at $2.33 on Friday. The stock’s fifty day moving average price is $2.88 and its two-hundred day moving average price is $3.23. The company has a market cap of $104.69 million, a price-to-earnings ratio of -3.53 and a beta of 0.54. Genasys Inc. has a 52-week low of $1.65 and a 52-week high of $4.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.97 and a current ratio of 1.33.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. On average, analysts anticipate that Genasys Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.