Comprehensive Financial Planning Inc. PA Acquires Shares of 5,853 Byrna Technologies Inc. $BYRN

Comprehensive Financial Planning Inc. PA bought a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,853 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC lifted its position in Byrna Technologies by 39.3% during the 1st quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock worth $7,575,000 after acquiring an additional 126,894 shares during the period. Millennium Management LLC increased its holdings in shares of Byrna Technologies by 247.9% in the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after purchasing an additional 232,770 shares during the period. Nuveen LLC purchased a new stake in shares of Byrna Technologies during the first quarter worth approximately $3,890,000. McCollum Christoferson Group LLC grew its position in Byrna Technologies by 1.7% in the 1st quarter. McCollum Christoferson Group LLC now owns 95,925 shares of the company’s stock valued at $1,615,000 after buying an additional 1,605 shares during the last quarter. Finally, Trexquant Investment LP grew its position in Byrna Technologies by 182.6% in the 1st quarter. Trexquant Investment LP now owns 88,587 shares of the company’s stock valued at $1,492,000 after buying an additional 57,245 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BYRN. LADENBURG THALM/SH SH upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, October 1st. Roth Capital set a $40.00 price target on shares of Byrna Technologies and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research upgraded shares of Byrna Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Craig Hallum initiated coverage on Byrna Technologies in a report on Wednesday, July 16th. They issued a “buy” rating and a $39.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $39.50.

Byrna Technologies Trading Down 1.8%

Shares of BYRN opened at $17.94 on Wednesday. The firm’s 50-day moving average is $21.09 and its two-hundred day moving average is $23.54. Byrna Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $34.78. The firm has a market capitalization of $407.78 million, a P/E ratio of 26.78 and a beta of 2.03.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, October 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $28.18 million during the quarter, compared to the consensus estimate of $28.00 million. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. During the same period last year, the firm earned $0.04 EPS. Analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.