Byrna Technologies (NASDAQ:BYRN) Lowered to “Hold” Rating by Craig Hallum

Craig Hallum cut shares of Byrna Technologies (NASDAQ:BYRN) from a buy rating to a hold rating in a report issued on Friday morning, Marketbeat reports. The brokerage currently has $7.50 price target on the stock.

Several other brokerages have also recently weighed in on BYRN. B. Riley Financial decreased their price target on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $12.13.

Byrna Technologies Trading Down 10.4%

Shares of BYRN stock opened at $5.68 on Friday. The stock has a market cap of $128.88 million, a price-to-earnings ratio of 15.78 and a beta of 2.46. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $16.13. Byrna Technologies has a 1-year low of $5.56 and a 1-year high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $29.05 million during the quarter, compared to analyst estimates of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.45%. During the same period in the previous year, the company posted $0.07 EPS. Sell-side analysts forecast that Byrna Technologies will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently added to or reduced their stakes in BYRN. Royal Bank of Canada increased its holdings in Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after purchasing an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC increased its holdings in Byrna Technologies by 247.9% in the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Byrna Technologies in the first quarter worth approximately $173,000. Finally, Strs Ohio bought a new stake in Byrna Technologies in the first quarter worth approximately $113,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies News Roundup

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

• Positive Sentiment: B. Riley cut its price target to $21 from $31 but reiterated a “buy” rating, leaving a sizable implied upside relative to current levels — a vote of confidence from a sell‑side firm that could support the stock if execution or results improve. Benzinga
• Neutral Sentiment: Full Q1 2026 earnings call transcripts and summaries are available for investors to review management commentary on execution, channel demand, and guidance — useful for judging whether the miss is temporary. Yahoo Earnings Call Summary
• Negative Sentiment: Q1 results missed expectations: EPS $0.03 vs. consensus (~$0.05–$0.08) and revenue $29.05M vs. est. $30.21M — the miss and commentary on execution prompted downward reaction and raise concerns about near‑term growth. Investing.com
• Negative Sentiment: MarketWatch and other outlets highlighted “execution struggles” on the quarter — negative press amplifies investor concern and can pressure the stock near its 1‑year low. MarketWatch
• Negative Sentiment: Craig Hallum downgraded BYRN from “buy” to “hold” and cut its price target to $7.50, reducing near‑term analyst support and signaling lower conviction among some brokers. The Fly
• Negative Sentiment: Technicals and liquidity: shares are trading with elevated volume and are close to their 1‑year low while well below the 50‑ and 200‑day moving averages — a headwind for buyers until fundamentals or sentiment improve. GlobeNewswire (press release)

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.