Byrna Technologies Inc. (NASDAQ:BYRN) Given Average Recommendation of “Moderate Buy” by Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.8750.

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a research note on Friday, July 10th. B. Riley Financial dropped their target price on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th.

Byrna Technologies Price Performance

Shares of Byrna Technologies stock opened at $3.69 on Monday. Byrna Technologies has a 1 year low of $3.16 and a 1 year high of $30.62. The firm’s 50-day moving average is $4.77 and its two-hundred day moving average is $7.27. The stock has a market cap of $83.73 million, a price-to-earnings ratio of -20.50 and a beta of 1.83.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The business had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. On average, equities analysts expect that Byrna Technologies will post -0.63 earnings per share for the current year.

Insider Transactions at Byrna Technologies

In other news, Director Chris Lavern Reed acquired 8,150 shares of Byrna Technologies stock in a transaction dated Friday, July 24th. The stock was purchased at an average cost of $3.63 per share, for a total transaction of $29,584.50. Following the completion of the purchase, the director directly owned 61,720 shares in the company, valued at $224,043.60. This trade represents a 15.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leonard J. Elmore bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $4.64 per share, with a total value of $46,400.00. Following the acquisition, the director directly owned 60,811 shares of the company’s stock, valued at approximately $282,163.04. This trade represents a 19.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 71,258 shares of company stock valued at $261,855 over the last three months. Company insiders own 9.75% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of Byrna Technologies by 89.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after buying an additional 1,047 shares during the period. Comerica Bank purchased a new position in shares of Byrna Technologies in the fourth quarter worth about $40,000. NBC Securities Inc. grew its stake in Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after acquiring an additional 1,811 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Byrna Technologies in the third quarter valued at approximately $70,000. Hedge funds and other 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.