Byrna Technologies (NASDAQ:BYRN) Price Target Lowered to $12.00 at B. Riley Financial

Byrna Technologies (NASDAQ:BYRN) had its price objective cut by B. Riley Financial from $21.00 to $12.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Craig Hallum cut shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research note on Friday, April 10th. New Street Research set a $7.50 price objective on Byrna Technologies in a research report on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Roth Capital decreased their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $9.88.

Byrna Technologies Stock Performance

NASDAQ:BYRN opened at $3.94 on Thursday. Byrna Technologies has a 52-week low of $3.89 and a 52-week high of $32.36. The firm has a market cap of $89.40 million, a price-to-earnings ratio of 10.94 and a beta of 1.80. The business’s fifty day moving average is $5.83 and its 200 day moving average is $9.98.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.The firm had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Equities analysts predict that Byrna Technologies will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank purchased a new position in shares of Byrna Technologies during the 4th quarter valued at about $40,000. NBC Securities Inc. raised its stake in shares of Byrna Technologies by 226.4% during the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after acquiring an additional 1,811 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after acquiring an additional 1,047 shares in the last quarter. Quarry LP bought a new stake in shares of Byrna Technologies in the 3rd quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock worth $94,000 after acquiring an additional 1,960 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Byrna Technologies News

Here are the key news stories impacting Byrna Technologies this week:

• Negative Sentiment: Byrna reported a larger-than-expected quarterly loss and missed revenue estimates, raising concerns about near-term growth and profitability. Byrna Technologies Shares Fall After Swing to 2Q Loss
• Negative Sentiment: The company’s Q2 2026 earnings release confirmed disappointing results, including a $0.44 EPS loss and revenue below expectations. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Negative Sentiment: Analysts reacted by cutting their price target, with B. Riley lowering its target to $12 from $21, signaling reduced confidence in the stock’s near-term outlook. Benzinga report on price target cut
• Neutral Sentiment: Byrna is moving forward with its acquisition of HERO Defense Systems assets, a strategic deal that could broaden its product lineup and support longer-term growth, but it is not offsetting the weak quarterly print today. Byrna Technologies Enters Definitive Agreement to Acquire HERO Defense Systems Assets
• Neutral Sentiment: Management said the HERO deal could help drive a fiscal 2026 gross margin exit rate of about 62%, which may support profitability later, though investors are focused on the current earnings miss. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal

About Byrna Technologies

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.