Geode Capital Management LLC Acquires 29,666 Shares of Byrna Technologies Inc. $BYRN

Geode Capital Management LLC lifted its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 7.4% in the second quarter, HoldingsChannel.com reports. The fund owned 431,849 shares of the company’s stock after acquiring an additional 29,666 shares during the period. Geode Capital Management LLC’s holdings in Byrna Technologies were worth $13,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Federated Hermes Inc. grew its stake in Byrna Technologies by 7,894.6% in the 1st quarter. Federated Hermes Inc. now owns 16,149 shares of the company’s stock valued at $272,000 after purchasing an additional 15,947 shares during the period. XTX Topco Ltd grew its position in Byrna Technologies by 476.3% during the first quarter. XTX Topco Ltd now owns 47,154 shares of the company’s stock valued at $794,000 after buying an additional 38,972 shares during the period. Sierra Summit Advisors LLC purchased a new stake in Byrna Technologies during the first quarter worth about $474,000. Nuveen LLC bought a new stake in Byrna Technologies in the first quarter worth about $3,890,000. Finally, American Century Companies Inc. purchased a new position in Byrna Technologies in the first quarter valued at about $218,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Trading Down 0.8%

Byrna Technologies stock opened at $18.10 on Tuesday. The firm has a 50 day simple moving average of $20.31 and a 200 day simple moving average of $23.01. Byrna Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $34.78. The firm has a market capitalization of $411.34 million, a price-to-earnings ratio of 27.02 and a beta of 2.03.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results 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. The firm had revenue of $28.18 million for the quarter, compared to the consensus estimate of $28.00 million. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, equities research analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Roth Capital set a $40.00 price target on shares of Byrna Technologies and gave the stock a “buy” rating in a research note on Friday, October 10th. Zacks Research raised Byrna Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, LADENBURG THALM/SH SH raised Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Three 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, the company presently has an average rating of “Buy” and a consensus target price of $39.50.

Byrna Technologies Company 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.