Byrna Technologies (NASDAQ:BYRN) Stock: Insider Adam Roth Acquires 10,000 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth bought 10,000 shares of Byrna Technologies stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of $4.77 per share, for a total transaction of $47,700.00. Following the completion of the acquisition, the director owned 19,379 shares of the company’s stock, valued at approximately $92,437.83. This represents a 106.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Byrna Technologies Trading Up 1.3%

NASDAQ:BYRN opened at $4.84 on Friday. Byrna Technologies Inc. has a 1 year low of $3.16 and a 1 year high of $22.47. The stock has a market cap of $113.30 million, a price-to-earnings ratio of -12.10 and a beta of 1.70. The stock has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $5.09.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. Sell-side analysts forecast that Byrna Technologies Inc. will post -0.65 earnings per share for the current year.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently modified their holdings of BYRN. Byrne Asset Management LLC lifted its stake in Byrna Technologies by 107.0% in the 3rd quarter. Byrne Asset Management LLC now owns 22,600 shares of the company’s stock valued at $79,000 after acquiring an additional 11,680 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Byrna Technologies during the 2nd quarter worth approximately $106,000. Squarepoint Ops LLC grew its stake in shares of Byrna Technologies by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock worth $347,000 after acquiring an additional 4,254 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Byrna Technologies during the 2nd quarter worth approximately $95,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Byrna Technologies in the second quarter valued at approximately $86,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

BYRN has been the subject of a number of research reports. B. Riley Financial lowered their target price on Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Zacks Research raised shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Craig Hallum reiterated a “hold” rating and issued a $3.50 price target on shares of Byrna Technologies in a report on Friday, October 9th. Wall Street Zen raised shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Finally, Roth Capital downgraded shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.62.

About Byrna Technologies

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.