Shares of Byrna Technologies Inc. (NASDAQ:BYRN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.62.
Several research analysts have commented on BYRN shares. Wall Street Zen raised Byrna Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Roth Capital downgraded Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, July 10th. Craig Hallum reissued a “hold” rating and issued a $3.50 price objective on shares of Byrna Technologies in a report on Friday, October 9th. B. Riley Financial lowered their target price on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th.
Read Our Latest Report on Byrna Technologies
Insider Activity
In other Byrna Technologies news, Director Chris Reed purchased 8,150 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average price of $3.63 per share, for a total transaction of $29,584.50. Following the purchase, the director directly owned 61,720 shares in the company, valued at approximately $224,043.60. This trade represents a 15.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Conn Davis acquired 18,768 shares of the stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average cost of $3.46 per share, for a total transaction of $64,937.28. Following the completion of the transaction, the chief executive officer directly owned 18,768 shares in the company, valued at $64,937.28. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 86,258 shares of company stock worth $332,205 over the last 90 days. 1.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Byrna Technologies
Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of 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 buying an additional 318,227 shares during the last quarter. Emerald Advisers LLC increased its position in 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 acquiring an additional 269,817 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in Byrna Technologies by 184.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after acquiring an additional 207,781 shares during the period. Connective Capital Management LLC purchased a new stake in Byrna Technologies during the 4th quarter valued at approximately $650,000. Finally, Dimensional Fund Advisors LP raised its stake in Byrna Technologies by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock valued at $2,659,000 after acquiring an additional 25,188 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.
Byrna Technologies Stock Performance
Byrna Technologies stock opened at $4.84 on Tuesday. Byrna Technologies has a fifty-two week low of $3.16 and a fifty-two week high of $22.47. The company has a market capitalization of $113.30 million, a P/E ratio of -12.10 and a beta of 1.70. The stock has a 50-day simple moving average of $3.85 and a 200-day simple moving average of $5.09.
Byrna Technologies (NASDAQ:BYRN – Get Free Report) last announced its earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. As a group, analysts forecast that Byrna Technologies will post -0.65 earnings per share for the current year.
About Byrna Technologies
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.
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