B. Riley Financial Has Lowered Expectations for Byrna Technologies (NASDAQ:BYRN) Stock Price

Byrna Technologies (NASDAQ:BYRN) had its price objective lowered by investment analysts at B. Riley Financial from $21.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial’s price target indicates a potential upside of 199.63% from the stock’s previous close.

Several other equities research analysts have also weighed in on BYRN. Craig Hallum lowered 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. Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday, April 10th. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Roth Capital dropped 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.88.

Byrna Technologies Trading Down 32.6%

NASDAQ:BYRN traded down $1.94 during midday trading on Thursday, reaching $4.00. The company had a trading volume of 3,135,205 shares, compared to its average volume of 559,448. Byrna Technologies has a 12-month low of $4.04 and a 12-month high of $32.36. The firm has a market capitalization of $90.87 million, a price-to-earnings ratio of 11.28 and a beta of 1.80. The stock’s fifty day simple moving average is $5.87 and its 200-day simple moving average is $10.07.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. The firm had revenue of $16.39 million during the quarter, compared to analyst estimates of $22.32 million. As a group, sell-side analysts expect that Byrna Technologies will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Byrna Technologies during the fourth quarter worth approximately $40,000. NBC Securities Inc. boosted its holdings in shares of Byrna Technologies by 226.4% in the fourth 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 period. Russell Investments Group Ltd. grew its position in shares of Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after acquiring an additional 1,047 shares during the last quarter. Quarry LP purchased a new position in shares of Byrna Technologies during the third quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after acquiring an additional 1,960 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies News Roundup

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Byrna announced a definitive agreement to acquire HERO Defense Systems assets, a bolt-on deal that could expand its product lineup into compact everyday-carry defense products and lower-price-point offerings. Byrna Technologies Enters Definitive Agreement to Acquire HERO Defense Systems Assets
• Neutral Sentiment: Analysts continued to maintain a bullish long-term view, with brokerages setting an average price target of $12.12, well above the current trading range. Brokerages Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $12.12
• Negative Sentiment: Q2 EPS came in at ($0.44), missing the consensus loss estimate of ($0.10), while revenue of $16.39 million also fell short of expectations for $22.32 million. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Negative Sentiment: The earnings miss was large enough to reinforce concerns about slowing growth and profitability, which likely drove the stock lower after the report. Byrna Technologies Inc. (BYRN) Reports Q2 Loss, Lags Revenue Estimates

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.