Byrna Technologies (NASDAQ:BYRN) Cut to Neutral at Roth Capital

Byrna Technologies (NASDAQ:BYRN) was downgraded by research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued on Friday. They presently have a $4.50 price target on the stock. Roth Capital’s target price suggests a potential upside of 14.21% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a research note on Friday, April 10th. B. Riley Financial cut their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday. Wall Street Zen lowered shares of Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. New Street Research set a $7.50 price objective on shares of Byrna Technologies in a research note on Friday, April 10th. Finally, Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.88.

Byrna Technologies Price Performance

BYRN opened at $3.94 on Friday. The business has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $9.98. The company has a market capitalization of $89.40 million, a price-to-earnings ratio of 10.94 and a beta of 1.80. Byrna Technologies has a 1-year low of $3.89 and a 1-year high of $32.36.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $22.32 million. Equities analysts expect that Byrna Technologies will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares during the period. Tidal Investments LLC increased its position in Byrna Technologies by 4.9% during the second quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after acquiring an additional 576 shares during the period. JPMorgan Chase & Co. raised its stake in Byrna Technologies by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock valued at $281,000 after purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Byrna Technologies by 89.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Byrna Technologies by 0.3% in the 4th 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 during the period. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Byrna Technologies News Roundup

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

• Neutral Sentiment: Byrna announced a definitive agreement to acquire HERO Defense Systems assets, a bolt-on deal that adds compact everyday-carry personal defense products and could expand its addressable market and product lineup. Byrna Technologies Enters Definitive Agreement to Acquire HERO Defense Systems Assets
• Neutral Sentiment: Management said it expects a roughly 62% gross margin exit rate for fiscal 2026 as it closes the HERO deal, which points to a longer-term margin improvement plan, but also highlights an ongoing transformation phase. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal
• Neutral Sentiment: B. Riley cut its price target on Byrna Technologies to $12 from $21 while keeping a buy rating, reflecting a more cautious near-term outlook despite still seeing upside from current levels. Benzinga report on B. Riley price target cut
• Negative Sentiment: Byrna reported Q2 EPS of -$0.44, far worse than the -$0.10 consensus, and revenue of $16.39 million versus expectations of $22.32 million, a clear earnings and sales miss that is weighing on the stock. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Negative Sentiment: Analyst coverage and media reaction focused on the tough reset narrative after the company swung to a quarterly loss, reinforcing investor concerns about slower demand and execution risk. Byrna Technologies Earnings Call Signals Tough Reset

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.