Byrna Technologies (NASDAQ:BYRN) Now Covered by Craig Hallum

Craig Hallum started coverage on shares of Byrna Technologies (NASDAQ:BYRN) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $39.00 price target on the stock. Craig Hallum’s target price would suggest a potential upside of 75.83% from the company’s previous close.

Several other research analysts also recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $33.00 target price on shares of Byrna Technologies in a research note on Thursday, March 20th. Wolfe Research upgraded Byrna Technologies to a “strong-buy” rating in a research note on Friday, June 6th. B. Riley reiterated a “buy” rating and set a $46.00 target price (up from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. Finally, Roth Capital reiterated a “buy” rating and set a $37.00 target price (up from $33.00) on shares of Byrna Technologies in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $38.75.

Byrna Technologies Trading Down 1.5%

NASDAQ:BYRN opened at $22.18 on Wednesday. Byrna Technologies has a 1-year low of $7.79 and a 1-year high of $34.78. The business’s 50-day moving average price is $27.77 and its two-hundred day moving average price is $25.49. The firm has a market capitalization of $503.49 million, a price-to-earnings ratio of 35.77 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $28,505 billion during the quarter, compared to the consensus estimate of $28.47 million. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%. Sell-side analysts predict that Byrna Technologies will post 0.28 earnings per share for the current year.

Insider Transactions at Byrna Technologies

In other news, Director Emily Rooney purchased 2,500 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the purchase, the director directly owned 37,564 shares of the company’s stock, valued at $770,062. This trade represents a 7.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.75% of the stock is owned by company insiders.

Institutional Trading of Byrna Technologies

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Byrna Technologies by 5.0% in the 1st quarter. Rhumbline Advisers now owns 23,590 shares of the company’s stock valued at $397,000 after buying an additional 1,129 shares during the last quarter. Strs Ohio bought a new stake in shares of Byrna Technologies in the 1st quarter valued at about $113,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Byrna Technologies in the 1st quarter valued at about $173,000. Millennium Management LLC grew its position in shares of Byrna Technologies by 247.9% in the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 468 shares during the last quarter. 25.46% of the stock is currently owned by 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.