Byrna Technologies Inc. (NASDAQ:BYRN) Receives $12.13 Consensus PT from Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.1250.

Several equities research analysts have weighed in on the company. Roth Mkm cut their price target on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Friday, April 10th. B. Riley Financial cut their price target on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after acquiring an additional 672 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock valued at $41,000 after acquiring an additional 1,771 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after acquiring an additional 1,047 shares during the last quarter. Comerica Bank purchased a new position in shares of Byrna Technologies in the 4th quarter valued at about $40,000. Finally, NBC Securities Inc. increased its holdings in shares of Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after acquiring an additional 1,811 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $6.35 on Wednesday. The stock’s 50-day moving average is $6.21 and its two-hundred day moving average is $11.65. Byrna Technologies has a 1-year low of $4.84 and a 1-year high of $34.30. The company has a market cap of $144.08 million, a price-to-earnings ratio of 17.64 and a beta of 1.81.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.The company had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. During the same quarter last year, the company earned $0.07 EPS. Equities research analysts anticipate that Byrna Technologies will post 0.03 earnings per share for the current fiscal 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.