Brokerages Set Byrna Technologies Inc. (NASDAQ:BYRN) Target Price at $12.12

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.8750.

BYRN has been the subject of a number of recent analyst reports. Roth Capital decreased their price target on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a report on Friday, April 10th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a research note on Friday, April 10th. New Street Research set a $7.50 target price on Byrna Technologies in a research report on Friday, April 10th. Wall Street Zen cut Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, B. Riley Financial lowered their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday.

Key Headlines Impacting Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Negative Sentiment: Byrna reported a larger-than-expected quarterly loss and missed revenue estimates, raising concerns about near-term growth and profitability. Byrna Technologies Shares Fall After Swing to 2Q Loss
• Negative Sentiment: The company’s Q2 2026 earnings release confirmed disappointing results, including a $0.44 EPS loss and revenue below expectations. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Negative Sentiment: Analysts reacted by cutting their price target, with B. Riley lowering its target to $12 from $21, signaling reduced confidence in the stock’s near-term outlook. Benzinga report on price target cut
• Neutral Sentiment: Byrna is moving forward with its acquisition of HERO Defense Systems assets, a strategic deal that could broaden its product lineup and support longer-term growth, but it is not offsetting the weak quarterly print today. Byrna Technologies Enters Definitive Agreement to Acquire HERO Defense Systems Assets
• Neutral Sentiment: Management said the HERO deal could help drive a fiscal 2026 gross margin exit rate of about 62%, which may support profitability later, though investors are focused on the current earnings miss. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $3.94 on Friday. The company has a market capitalization of $89.40 million, a P/E ratio of 10.94 and a beta of 1.80. Byrna Technologies has a 52-week low of $3.89 and a 52-week high of $32.36. The company’s 50 day moving average price is $5.83 and its 200-day moving average price is $9.98.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. The firm had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. Analysts forecast that Byrna Technologies will post 0.03 earnings per share for the current year.

Institutional Trading of Byrna Technologies

Several hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Byrna Technologies by 5.8% during the 4th quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after acquiring an additional 54,555 shares during the period. Millennium Management LLC increased its stake in Byrna Technologies by 32.7% in the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after purchasing an additional 220,130 shares in the last quarter. UBS Group AG increased its stake in Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares in the last quarter. Geode Capital Management LLC increased its stake in Byrna Technologies by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Byrna Technologies by 401.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock valued at $7,359,000 after purchasing an additional 350,861 shares during the period. Institutional investors own 25.46% of the company’s stock.

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.