Sequoia Financial Advisors LLC Buys 10,000 Shares of Genasys Inc. (NASDAQ:GNSS)

Sequoia Financial Advisors LLC grew its stake in Genasys Inc. (NASDAQ:GNSS) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.86% of Genasys worth $771,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GNSS. Tower Research Capital LLC TRC grew its stake in shares of Genasys by 537.2% in the third quarter. Tower Research Capital LLC TRC now owns 13,935 shares of the company’s stock valued at $28,000 after acquiring an additional 11,748 shares in the last quarter. Barclays PLC acquired a new position in shares of Genasys in the third quarter valued at about $31,000. JPMorgan Chase & Co. grew its stake in shares of Genasys by 15,270.7% in the first quarter. JPMorgan Chase & Co. now owns 23,056 shares of the company’s stock valued at $68,000 after acquiring an additional 22,906 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Genasys in the first quarter valued at about $89,000. Finally, Trellus Management Company LLC acquired a new position in shares of Genasys in the third quarter valued at about $121,000. 40.04% of the stock is owned by institutional investors.

Genasys Stock Performance

GNSS stock opened at $2.10 on Tuesday. The company’s 50-day simple moving average is $2.03 and its 200 day simple moving average is $1.85. Genasys Inc. has a 52 week low of $1.51 and a 52 week high of $3.92. The company has a market capitalization of $92.46 million, a PE ratio of -3.82 and a beta of 0.48.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $4.36 million for the quarter, compared to analyst estimates of $7.88 million. Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. On average, analysts forecast that Genasys Inc. will post -0.28 EPS for the current year.

Genasys 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.