Byrna Technologies Inc. $BYRN Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its position in Byrna Technologies Inc. (NASDAQ:BYRN) by 401.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,292 shares of the company’s stock after acquiring an additional 350,861 shares during the period. Pinnacle Associates Ltd. owned about 1.93% of Byrna Technologies worth $7,359,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after purchasing an additional 672 shares during the period. AlphaQuest LLC lifted its holdings in shares of Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock valued at $41,000 after buying an additional 1,771 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares in the last quarter. Comerica Bank acquired a new position in Byrna Technologies during the fourth quarter worth $40,000. Finally, NBC Securities Inc. raised its position in Byrna Technologies by 226.4% in the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after acquiring an additional 1,811 shares in the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Stock Up 3.6%

Shares of BYRN stock opened at $5.18 on Friday. The stock has a market cap of $117.51 million, a P/E ratio of 14.39 and a beta of 1.81. Byrna Technologies Inc. has a fifty-two week low of $4.84 and a fifty-two week high of $34.30. The business has a fifty day simple moving average of $7.90 and a 200-day simple moving average of $13.49.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, April 9th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $29.05 million during the quarter, compared to analyst estimates of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same period in the previous year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

BYRN has been the subject of a number of recent analyst reports. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a report on Friday, April 10th. New Street Research set a $7.50 price target on shares of Byrna Technologies in a report on Friday, April 10th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Roth Mkm decreased their price objective on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, B. Riley Financial dropped their target price on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 10th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $12.13.

Byrna Technologies Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.