Byrna Technologies Inc. (NASDAQ:BYRN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.8750.

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. B. Riley Financial decreased their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a research note on Friday, July 10th.

Insider Activity at Byrna Technologies

In related news, Chairman TJ Kennedy acquired 29,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average cost of $3.53 per share, with a total value of $102,370.00. Following the completion of the acquisition, the chairman directly owned 29,000 shares of the company’s stock, valued at $102,370. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leonard J. Elmore acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $4.64 per share, for a total transaction of $46,400.00. Following the completion of the acquisition, the director directly owned 60,811 shares of the company’s stock, valued at approximately $282,163.04. The trade was a 19.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 71,258 shares of company stock worth $261,855. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Byrna Technologies by 184.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after purchasing an additional 207,781 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Byrna Technologies by 496.5% during the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock worth $3,510,000 after purchasing an additional 318,227 shares during the period. Penn Capital Management Company LLC acquired a new stake in shares of Byrna Technologies during the fourth quarter worth about $2,785,000. Emerald Advisers LLC lifted its holdings in shares of Byrna Technologies by 165.7% during the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock worth $3,972,000 after purchasing an additional 269,817 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in Byrna Technologies by 515.4% in the fourth quarter. Hodges Capital Management Inc. now owns 140,002 shares of the company’s stock valued at $2,351,000 after buying an additional 117,252 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

Byrna Technologies stock opened at $3.78 on Friday. The stock has a market capitalization of $88.49 million, a price-to-earnings ratio of -21.00 and a beta of 1.76. Byrna Technologies has a 1-year low of $3.16 and a 1-year high of $30.62. The business has a fifty day moving average price of $3.87 and a 200-day moving average price of $6.00.

Byrna Technologies (NASDAQ:BYRN) last announced 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 negative return on equity of 5.85% and a negative net margin of 3.39%.The business had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $22.32 million. On average, equities research analysts anticipate that Byrna Technologies will post -0.63 earnings per share for the current fiscal year.

Byrna Technologies Company Profile

Byrna Technologies Inc is a developer and manufacturer of non-lethal personal security products. The company’s portfolio is centered on compact, handheld launchers designed to provide an alternative to conventional firearms for personal protection, security, and law-enforcement applications.

Byrna’s products include its CO2-powered launchers, chemical irritant projectiles, kinetic rounds, training ammunition, holsters, optics, and other accessories. Its chemical projectiles are designed to disperse irritants such as pepper and tear gas, while kinetic rounds are intended for less-lethal impact applications.