Byrna Technologies Inc. (NASDAQ:BYRN) Receives $39.50 Average Price Target from Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has been given an average recommendation of “Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $39.50.

BYRN has been the subject of a number of research reports. LADENBURG THALM/SH SH raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Roth Capital set a $40.00 target price on Byrna Technologies and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Zacks Research lowered Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently added to or reduced their stakes in BYRN. Millennium Management LLC increased its position in shares of Byrna Technologies by 228.0% during the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after acquiring an additional 467,932 shares during the last quarter. Invesco Ltd. purchased a new stake in Byrna Technologies during the 2nd quarter worth approximately $13,079,000. UBS Group AG raised its position in shares of Byrna Technologies by 232.6% in the 3rd quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after purchasing an additional 268,108 shares in the last quarter. Nuveen LLC purchased a new position in shares of Byrna Technologies during the 1st quarter valued at approximately $3,890,000. Finally, Driehaus Capital Management LLC increased its stake in shares of Byrna Technologies by 39.3% in the first quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock worth $7,575,000 after buying an additional 126,894 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Down 0.9%

Shares of NASDAQ BYRN opened at $17.35 on Wednesday. The stock has a market capitalization of $394.37 million, a PE ratio of 25.90 and a beta of 2.28. The firm has a fifty day moving average of $18.80 and a 200-day moving average of $22.15. Byrna Technologies has a 52-week low of $13.68 and a 52-week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, October 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $28.18 million for the quarter, compared to analysts’ expectations of $28.00 million. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.During the same quarter last year, the firm earned $0.04 earnings per share. Equities research analysts expect 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.