Pinnacle Associates Ltd. Buys Shares of 87,431 Byrna Technologies Inc. $BYRN

Pinnacle Associates Ltd. purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 87,431 shares of the company’s stock, valued at approximately $1,937,000. Pinnacle Associates Ltd. owned 0.38% of Byrna Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after purchasing an additional 4,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after buying an additional 468 shares in the last quarter. Millennium Management LLC increased its stake in Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Byrna Technologies during the 1st quarter worth about $173,000. Finally, Strs Ohio acquired a new stake in shares of Byrna Technologies in the 1st quarter worth approximately $113,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Price Performance

BYRN stock opened at $10.35 on Wednesday. The firm has a market cap of $234.63 million, a PE ratio of 25.88 and a beta of 2.30. Byrna Technologies Inc. has a 12 month low of $10.13 and a 12 month high of $34.30. The firm has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $17.90.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.The company had revenue of $35.25 million for the quarter, compared to analysts’ expectations of $34.92 million. As a group, sell-side analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on BYRN shares. B. Riley Financial lowered their price objective on shares of Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Craig Hallum restated a “buy” rating and issued a $18.00 target price on shares of Byrna Technologies in a research report on Tuesday. Finally, Zacks Research lowered Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $29.67.

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.