Brokerages Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $41.67

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $41.6667.

Separately, Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BYRN. SBI Securities Co. Ltd. lifted its holdings in shares of Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after acquiring an additional 672 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Byrna Technologies by 580.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock valued at $29,000 after purchasing an additional 801 shares during the last quarter. Comerica Bank acquired a new position in Byrna Technologies during the 4th quarter worth approximately $40,000. AlphaQuest LLC increased its position in Byrna Technologies by 1,825.8% during the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after purchasing an additional 1,771 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $11.99 on Monday. Byrna Technologies has a 1 year low of $11.13 and a 1 year high of $34.30. The stock has a market capitalization of $271.83 million, a price-to-earnings ratio of 29.98 and a beta of 2.30. The company’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $18.03.

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

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.