Byrna Technologies Inc. (NASDAQ:BYRN) Receives $15.75 Average PT from Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has been given a consensus rating of “Buy” by the four research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.75.

A number of equities analysts recently weighed in on BYRN shares. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm began coverage on Byrna Technologies in a report on Wednesday, August 28th. They set a “buy” rating and a $14.00 target price for the company.

Byrna Technologies Trading Up 5.4 %

NASDAQ BYRN opened at $17.63 on Friday. The stock has a market capitalization of $401.61 million, a price-to-earnings ratio of -125.93 and a beta of 1.67. Byrna Technologies has a twelve month low of $2.19 and a twelve month high of $19.13. The stock has a 50-day moving average of $12.26 and a 200 day moving average of $12.13.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The company had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. Equities analysts predict that Byrna Technologies will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Byrna Technologies

In related news, insider Lisa Wager sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total value of $270,000.00. Following the completion of the sale, the insider now owns 229,555 shares of the company’s stock, valued at $3,098,992.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Lisa Wager sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total value of $270,000.00. Following the completion of the sale, the insider now owns 229,555 shares of the company’s stock, valued at $3,098,992.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bryan Ganz sold 2,478 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total value of $45,743.88. Following the completion of the sale, the chief executive officer now directly owns 398,059 shares of the company’s stock, valued at approximately $7,348,169.14. The disclosure for this sale can be found here. Insiders sold 54,416 shares of company stock valued at $820,581 over the last quarter. 8.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hamilton Wealth LLC purchased a new position in Byrna Technologies in the first quarter worth approximately $146,000. Algert Global LLC purchased a new position in Byrna Technologies in the second quarter worth approximately $131,000. Dimensional Fund Advisors LP grew its position in Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares during the period. Rhumbline Advisers purchased a new position in Byrna Technologies in the second quarter worth approximately $205,000. Finally, XTX Topco Ltd purchased a new position in Byrna Technologies in the second quarter worth approximately $408,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

About Byrna Technologies

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.