Comprehensive Financial Planning Inc. PA Makes New Investment in Byrna Technologies Inc. $BYRN

Comprehensive Financial Planning Inc. PA purchased a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,853 shares of the company’s stock, valued at approximately $181,000.

A number of other hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in Byrna Technologies by 67.7% during the 1st quarter. Advisors Asset Management Inc. now owns 52,499 shares of the company’s stock valued at $884,000 after buying an additional 21,199 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Byrna Technologies in the first quarter valued at $537,000. American Century Companies Inc. acquired a new stake in shares of Byrna Technologies during the first quarter valued at $218,000. Nuveen LLC purchased a new stake in Byrna Technologies during the 1st quarter worth about $3,890,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Byrna Technologies in the 1st quarter valued at about $359,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BYRN has been the topic of several analyst reports. Zacks Research raised shares of Byrna Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. LADENBURG THALM/SH SH raised shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, October 1st. Roth Capital set a $40.00 target price on shares of Byrna Technologies and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Craig Hallum initiated coverage on Byrna Technologies in a report on Wednesday, July 16th. They issued a “buy” rating and a $39.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $39.50.

Byrna Technologies Stock Down 1.8%

Shares of NASDAQ BYRN opened at $17.94 on Wednesday. The stock has a market capitalization of $407.78 million, a PE ratio of 26.78 and a beta of 2.03. The firm has a fifty day moving average of $21.09 and a 200-day moving average of $23.54. Byrna Technologies Inc. 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, topping the consensus estimate of $0.05 by $0.04. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.The business had revenue of $28.18 million for the quarter, compared to analyst estimates of $28.00 million. During the same period last year, the company posted $0.04 EPS. Equities research analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

About Byrna Technologies

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.