Genasys Inc. $GNSS is Integrity Wealth Advisors Inc.’s 4th Largest Position

Integrity Wealth Advisors Inc. lowered its position in Genasys Inc. (NASDAQ:GNSS) by 59.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,452,499 shares of the company’s stock after selling 7,913,652 shares during the period. Genasys comprises approximately 8.0% of Integrity Wealth Advisors Inc.’s holdings, making the stock its 4th largest position. Integrity Wealth Advisors Inc. owned about 0.12% of Genasys worth $11,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNSS. HRT Financial LP purchased a new stake in Genasys in the fourth quarter valued at approximately $79,000. XTX Topco Ltd lifted its stake in Genasys by 170.6% in the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after buying an additional 32,481 shares during the last quarter. Marshall Wace LLP lifted its stake in Genasys by 398.4% in the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after buying an additional 51,127 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after buying an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Genasys by 126.2% during the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after purchasing an additional 54,461 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GNSS. Ascendiant Capital Markets upped their price target on Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Lake Street Capital began coverage on Genasys in a research note on Friday, March 13th. They set a “buy” rating and a $4.00 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

Genasys Price Performance

Genasys stock opened at $1.68 on Thursday. Genasys Inc. has a 12 month low of $1.40 and a 12 month high of $2.70. The business has a 50 day simple moving average of $1.92 and a 200-day simple moving average of $2.00. The stock has a market capitalization of $76.28 million, a PE ratio of -9.85 and a beta of 0.70.

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