Byrna Technologies (NASDAQ:BYRN) Stock: Insider Adam Roth Purchases 5,000 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were purchased at an average cost of $4.53 per share, for a total transaction of $22,650.00. Following the transaction, the director directly owned 9,379 shares in the company, valued at approximately $42,486.87. This represents a 114.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Byrna Technologies Trading Up 1.3%

Shares of Byrna Technologies stock opened at $4.84 on Friday. The firm has a market cap of $113.30 million, a P/E ratio of -12.10 and a beta of 1.70. Byrna Technologies Inc. has a 12 month low of $3.16 and a 12 month high of $22.47. The stock’s fifty day moving average price is $3.85 and its 200-day moving average price is $5.09.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on BYRN shares. Roth Capital downgraded shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, July 10th. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. B. Riley Financial cut their price objective on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Craig Hallum reissued a “hold” rating and set a $3.50 price objective on shares of Byrna Technologies in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.62.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently added to or reduced their stakes in BYRN. Emerald Advisers LLC boosted its position in Byrna Technologies by 165.7% during the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock valued at $3,972,000 after purchasing an additional 269,817 shares in the last quarter. Renaissance Technologies LLC grew its stake in Byrna Technologies by 496.5% in the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after purchasing an additional 318,227 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Byrna Technologies by 184.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock worth $2,939,000 after purchasing an additional 207,781 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Byrna Technologies by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock worth $2,659,000 after purchasing an additional 25,188 shares in the last quarter. Finally, Connective Capital Management LLC bought a new position in Byrna Technologies in the fourth quarter worth about $650,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Company Profile

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.