Byrna Technologies Inc. (NASDAQ:BYRN) Receives $7.88 Consensus PT from Analysts

Byrna Technologies Inc. (NASDAQ:BYRN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.8750.

BYRN has been the subject of several analyst reports. Zacks Research downgraded Byrna Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Roth Capital downgraded Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, July 10th. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Finally, B. Riley Financial cut their price target on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th.

Insider Activity

In other news, Director Leonard J. Elmore acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $4.64 per share, with a total value of $46,400.00. Following the purchase, the director owned 60,811 shares of the company’s stock, valued at $282,163.04. This represents a 19.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Tj Kennedy acquired 29,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average price of $3.53 per share, with a total value of $102,370.00. Following the transaction, the chairman owned 29,000 shares in the company, valued at $102,370. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 71,258 shares of company stock valued at $261,855. Corporate insiders own 9.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BYRN. Russell Investments Group Ltd. boosted its holdings in Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares in the last quarter. Comerica Bank purchased a new position in shares of Byrna Technologies during the 4th quarter worth approximately $40,000. NBC Securities Inc. raised its stake in shares of Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after buying an additional 1,811 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after buying an additional 1,960 shares during the period. Finally, Quarry LP acquired a new stake in shares of Byrna Technologies in the 3rd quarter valued at approximately $70,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Stock Performance

NASDAQ BYRN opened at $3.59 on Monday. The firm has a market cap of $81.46 million, a PE ratio of -19.94 and a beta of 1.83. Byrna Technologies has a one year low of $3.16 and a one year high of $30.62. The firm’s fifty day moving average is $4.55 and its two-hundred day moving average is $6.92.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The business had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Research analysts predict that Byrna Technologies will post -0.63 earnings per share for the current year.

Byrna Technologies Company 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.