Byrna Technologies Inc. (NASDAQ:BYRN) Stock Has Average Target Price of $6.62 According to Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.62.

BYRN has been the topic of a number of analyst reports. Craig Hallum reaffirmed a “hold” rating and issued a $3.50 price target on shares of Byrna Technologies in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. B. Riley Financial cut their price target on Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Roth Capital downgraded shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, July 10th.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $4.78 on Tuesday. Byrna Technologies has a fifty-two week low of $3.16 and a fifty-two week high of $23.82. The stock has a market cap of $111.90 million, a P/E ratio of -11.95 and a beta of 1.70. The firm’s fifty day moving average price is $3.84 and its 200-day moving average price is $5.09.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. Sell-side analysts predict that Byrna Technologies will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, CEO Conn Q. Davis bought 18,768 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, July 22nd. The shares were bought at an average cost of $3.46 per share, with a total value of $64,937.28. Following the transaction, the chief executive officer directly owned 18,768 shares of the company’s stock, valued at approximately $64,937.28. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chris Reed purchased 8,150 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was bought at an average cost of $3.63 per share, with a total value of $29,584.50. Following the acquisition, the director owned 61,720 shares of the company’s stock, valued at approximately $224,043.60. The trade was a 15.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 71,258 shares of company stock valued at $261,855 in the last 90 days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors have recently made changes to their positions in the company. Emerald Advisers LLC grew its holdings in Byrna Technologies by 165.7% in the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock valued at $3,972,000 after purchasing an additional 269,817 shares during the period. Renaissance Technologies LLC lifted its holdings in Byrna Technologies by 496.5% during the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock worth $3,510,000 after buying an additional 318,227 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Byrna Technologies by 184.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after acquiring an additional 207,781 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Byrna Technologies by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock valued at $2,659,000 after purchasing an additional 25,188 shares during the last quarter. Finally, Connective Capital Management LLC acquired a new stake in Byrna Technologies during the 4th quarter worth $650,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.