Byrna Technologies Inc. $BYRN Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 401.3% during the 4th quarter, Holdings Channel reports. The fund owned 438,292 shares of the company’s stock after acquiring an additional 350,861 shares during the period. Pinnacle Associates Ltd.’s holdings in Byrna Technologies were worth $7,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after purchasing an additional 576 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Byrna Technologies by 138.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after buying an additional 672 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Byrna Technologies by 9.9% in the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock valued at $281,000 after buying an additional 822 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BYRN shares. Roth Mkm decreased their target price on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research 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. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. New Street Research set a $7.50 target price on Byrna Technologies in a research note on Friday, April 10th. Finally, Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Friday, April 10th. Three research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $5.18 on Friday. Byrna Technologies Inc. has a 1 year low of $4.84 and a 1 year high of $34.30. The firm has a 50 day moving average price of $7.90 and a 200 day moving average price of $13.49. The company has a market cap of $117.51 million, a price-to-earnings ratio of 14.39 and a beta of 1.81.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. The company had revenue of $29.05 million during the quarter, compared to analyst estimates of $30.21 million. During the same quarter last year, the business earned $0.07 EPS. Sell-side analysts predict that Byrna Technologies Inc. will post 0.03 EPS for the current year.

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 CO?-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.