Brokerages Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $12.12

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.1250.

Several research analysts recently issued reports on the company. B. Riley Financial cut their price objective on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Roth Capital lowered their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. New Street Research set a $7.50 price target on Byrna Technologies in a research report on Friday, April 10th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Friday, April 10th. Finally, Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank purchased a new position in Byrna Technologies in the fourth quarter valued at approximately $40,000. NBC Securities Inc. increased its position in shares of Byrna Technologies by 226.4% in 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% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after acquiring an additional 1,047 shares during the period. Quarry LP purchased a new position in shares of Byrna Technologies in the 3rd quarter valued at $70,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Byrna Technologies by 178.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after acquiring an additional 1,960 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

NASDAQ BYRN opened at $6.15 on Friday. Byrna Technologies has a 1-year low of $4.84 and a 1-year high of $34.30. The company has a market capitalization of $139.54 million, a P/E ratio of 17.08 and a beta of 1.80. The business has a 50 day moving average price of $5.88 and a 200 day moving average price of $10.15.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $29.05 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.07 EPS. On average, research analysts expect that Byrna Technologies will post 0.03 earnings per share for the current fiscal year.

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.