Wealthspire Advisors LLC Trims Position in Byrna Technologies Inc. $BYRN

Wealthspire Advisors LLC lowered its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 35.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 293,243 shares of the company’s stock after selling 160,156 shares during the quarter. Wealthspire Advisors LLC owned approximately 1.29% of Byrna Technologies worth $9,055,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after purchasing an additional 232,770 shares during the period. Nuveen LLC acquired a new position in Byrna Technologies in the first quarter valued at $3,890,000. Driehaus Capital Management LLC lifted its position in Byrna Technologies by 39.3% during the first quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock worth $7,575,000 after buying an additional 126,894 shares during the period. Trexquant Investment LP lifted its position in Byrna Technologies by 182.6% during the first quarter. Trexquant Investment LP now owns 88,587 shares of the company’s stock worth $1,492,000 after buying an additional 57,245 shares during the period. Finally, XTX Topco Ltd boosted its stake in Byrna Technologies by 476.3% in the 1st quarter. XTX Topco Ltd now owns 47,154 shares of the company’s stock worth $794,000 after buying an additional 38,972 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BYRN shares. Zacks Research raised shares of Byrna Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Roth Capital set a $40.00 target price on shares of Byrna Technologies and gave the company a “buy” rating in a report on Friday, October 10th. Finally, LADENBURG THALM/SH SH raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, Byrna Technologies presently has a consensus rating of “Buy” and an average price target of $39.50.

Byrna Technologies Stock Performance

NASDAQ BYRN opened at $17.29 on Wednesday. The firm has a market capitalization of $393.00 million, a price-to-earnings ratio of 25.81 and a beta of 2.03. Byrna Technologies Inc. has a one year low of $13.68 and a one year high of $34.78. The company’s 50 day moving average price is $20.86 and its 200 day moving average price is $23.36.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, October 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. The company had revenue of $28.18 million during the quarter, compared to the consensus estimate of $28.00 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Byrna Technologies Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.