Byrna Technologies Inc. (NASDAQ:BYRN) Receives $12.13 Consensus Target Price from Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.1250.

A number of research analysts have issued reports on BYRN shares. New Street Research set a $7.50 price objective on shares of Byrna Technologies in a research report on Friday, April 10th. B. Riley Financial reduced their price objective on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Roth Mkm reduced their price objective 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. Finally, Wall Street Zen downgraded shares of Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC bought a new stake in shares of Byrna Technologies during the 4th quarter valued at $6,630,000. Pinnacle Associates Ltd. bought a new stake in shares of Byrna Technologies during the 3rd quarter valued at $1,937,000. UBS Group AG boosted its holdings in shares of Byrna Technologies by 35.8% during the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after buying an additional 137,260 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in shares of Byrna Technologies during the 4th quarter valued at $2,785,000. Finally, Militia Capital Partners LP bought a new stake in shares of Byrna Technologies during the 3rd quarter valued at $2,083,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $6.35 on Wednesday. The firm’s fifty day moving average is $6.21 and its 200 day moving average is $11.61. 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 has a 52 week low of $4.84 and a 52 week high of $34.30.

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

Byrna Technologies Company Profile

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 CO₂-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.