Byrna Technologies Inc. (NASDAQ:BYRN) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.62.

Several equities analysts have recently weighed in on BYRN shares. Wall Street Zen upgraded Byrna Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. 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 report on Friday, July 10th. Zacks Research upgraded Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Craig Hallum reissued a “hold” rating and set a $3.50 price target on shares of Byrna Technologies in a research report on Friday, October 9th. Finally, B. Riley Financial decreased their price target on Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 12th.

Insider Activity at Byrna Technologies

In related news, CEO Conn Davis acquired 18,768 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $3.46 per share, with a total value of $64,937.28. Following the acquisition, the chief executive officer owned 18,768 shares in the company, valued at $64,937.28. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman TJ Kennedy acquired 29,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of $3.53 per share, with a total value of $102,370.00. Following the acquisition, the chairman owned 29,000 shares in the company, valued at $102,370. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 86,258 shares of company stock worth $332,205. Insiders own 1.60% of the company’s stock.

Institutional Trading of Byrna Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Advisers LLC raised its holdings in shares of Byrna Technologies by 165.7% in the 1st quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock valued at $3,972,000 after purchasing an additional 269,817 shares during the period. Renaissance Technologies LLC grew its holdings in Byrna Technologies by 496.5% during the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock worth $3,510,000 after purchasing an additional 318,227 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in Byrna Technologies by 184.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock worth $2,939,000 after buying an additional 207,781 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Byrna Technologies by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock worth $2,659,000 after buying an additional 25,188 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Byrna Technologies by 9.0% during the second quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock worth $347,000 after buying an additional 4,254 shares during the last quarter. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Trading Up 6.8%

Byrna Technologies stock opened at $5.17 on Tuesday. The company has a market cap of $121.03 million, a P/E ratio of -12.92 and a beta of 1.70. Byrna Technologies has a 1-year low of $3.16 and a 1-year high of $21.97. The company has a fifty day simple moving average of $3.85 and a 200 day simple moving average of $5.03.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. Byrna Technologies had a negative net margin of 9.20% and a negative return on equity of 14.46%. The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $16.27 million. On average, equities research analysts forecast that Byrna Technologies will post -0.65 EPS for the current year.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.