Byrna Technologies (NASDAQ:BYRN) Announces Earnings Results, Misses Expectations By $0.34 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings results on Thursday. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.34), FiscalAI reports. Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.The business had revenue of $16.39 million during the quarter, compared to analyst estimates of $22.32 million.

Byrna Technologies Price Performance

Byrna Technologies stock opened at $5.94 on Thursday. The stock has a market capitalization of $134.78 million, a PE ratio of 16.50 and a beta of 1.80. The business has a 50 day simple moving average of $5.87 and a 200-day simple moving average of $10.07. Byrna Technologies has a 12 month low of $4.84 and a 12 month high of $33.49.

Wall Street Analyst Weigh In

BYRN has been the subject of several recent research reports. B. Riley Financial reduced their target price on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. New Street Research set a $7.50 target price on Byrna Technologies in a research note on Friday, April 10th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a research report on Friday, April 10th. Finally, Roth Capital lowered their price objective on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Byrna Technologies has a consensus rating of “Buy” and a consensus price target of $12.12.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Byrna Technologies by 228.0% in the 3rd quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after acquiring an additional 467,932 shares in the last quarter. Invesco Ltd. purchased a new position in Byrna Technologies during the second quarter valued at $13,079,000. UBS Group AG grew its position in shares of Byrna Technologies by 232.6% in the third quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after purchasing an additional 268,108 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of Byrna Technologies by 44.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 400,420 shares of the company’s stock valued at $6,723,000 after purchasing an additional 122,409 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Byrna Technologies by 621.6% during the third quarter. Alliancebernstein L.P. now owns 132,710 shares of the company’s stock worth $2,941,000 after purchasing an additional 114,320 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.