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

Byrna Technologies Inc. (NASDAQ:BYRN) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.8750.

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. New Street Research set a $7.50 target price on shares of Byrna Technologies in a research report on Friday, April 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective for the company. in a research note on Friday, April 10th. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, July 10th. Finally, B. Riley Financial reduced their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 9th.

Byrna Technologies Stock Down 1.5%

Shares of Byrna Technologies stock opened at $4.67 on Thursday. Byrna Technologies has a 52-week low of $3.16 and a 52-week high of $30.62. The company has a market capitalization of $105.96 million, a P/E ratio of -25.94 and a beta of 1.82. The company has a 50 day moving average of $5.27 and a 200 day moving average of $8.21.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The firm had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $22.32 million. As a group, research analysts anticipate that Byrna Technologies will post -0.63 earnings per share for the current fiscal year.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, Director Chris Lavern Reed acquired 8,150 shares of the company’s stock in a transaction on Friday, July 24th. The shares were bought 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 owned 61,720 shares in the company, valued at $224,043.60. This trade represents a 15.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Conn Q. Davis bought 18,768 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average price of $3.46 per share, with a total value of $64,937.28. Following the purchase, the chief executive officer directly owned 18,768 shares of the company’s stock, valued at approximately $64,937.28. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 61,258 shares of company stock worth $215,455. Insiders own 9.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in Byrna Technologies by 5.8% in the 4th quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after buying an additional 54,555 shares during the last quarter. Millennium Management LLC increased its stake in shares of Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock worth $14,998,000 after acquiring an additional 220,130 shares during the period. UBS Group AG lifted its position in Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares during the period. Geode Capital Management LLC boosted its holdings in Byrna Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Byrna Technologies by 401.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after buying an additional 350,861 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

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.