Byrna Technologies (NASDAQ:BYRN) Price Target Lowered to $21.00 at B. Riley Financial

Byrna Technologies (NASDAQ:BYRN) had its price objective dropped by investment analysts at B. Riley Financial from $31.00 to $21.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price objective would suggest a potential upside of 264.90% from the stock’s previous close.

Several other equities research analysts have also commented on BYRN. Roth Mkm set a $12.50 price target on shares of Byrna Technologies and gave the company a “buy” rating in a report on Friday. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Friday. Finally, New Street Research set a $7.50 price target on shares of Byrna Technologies in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Stock Down 9.2%

Shares of BYRN traded down $0.59 during trading hours on Friday, reaching $5.76. 1,072,230 shares of the company traded hands, compared to its average volume of 522,839. The stock has a market capitalization of $130.58 million, a P/E ratio of 14.39 and a beta of 2.46. Byrna Technologies has a 12-month low of $5.78 and a 12-month high of $34.30. The business has a fifty day moving average price of $11.24 and a 200-day moving average price of $16.24.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The company had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. During the same period last year, the firm earned $0.07 earnings per share. As a group, research analysts predict that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its position in shares of Byrna Technologies by 138.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after purchasing an additional 672 shares during the last quarter. AlphaQuest LLC raised its position in shares of Byrna Technologies by 1,825.8% during the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after purchasing an additional 1,771 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of Byrna Technologies during the 3rd quarter worth about $47,000. Russell Investments Group Ltd. raised its position 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 purchasing an additional 1,047 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Byrna Technologies during the 4th quarter worth about $40,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

More Byrna Technologies News

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

• Positive Sentiment: The company remains profitable on a GAAP basis in Q1 with positive net margin and solid return on equity, signaling underlying profitability despite the miss. Read More.
• Neutral Sentiment: An analyst at Craig Hallum downgraded BYRN from Buy to Hold and set a $7.50 price target, reflecting a more cautious view but still implying upside vs. current levels. Read More.
• Neutral Sentiment: Full earnings-call transcripts and summaries were released (useful for guidance/execution details); investors can review management commentary for color on order flow and cost trends. Read More.
• Negative Sentiment: Q1 EPS of $0.03 missed consensus (reported misses ranged versus $0.05–$0.08 estimates) and revenue of $29.05M came in below expectations (~$30.2M), a primary catalyst for the selloff. Read More.
• Negative Sentiment: Market reports flagged “execution struggles” on the call and described the reaction as a plunge — investors are reacting to both the miss and management’s ability to drive near‑term growth. Read More.
• Negative Sentiment: Multiple outlets and transcripts note the YoY EPS decline and the miss versus Zacks/consensus estimates; volume picked up on the selloff, signaling stronger investor conviction to trim positions. Read More.

About Byrna Technologies

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.