Byrna Technologies Inc. $BYRN Shares Bought by Emerald Advisers LLC

Emerald Advisers LLC raised its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 165.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 432,626 shares of the company’s stock after purchasing an additional 269,817 shares during the quarter. Emerald Advisers LLC owned 1.91% of Byrna Technologies worth $3,972,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after purchasing an additional 4,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after buying an additional 468 shares during the last quarter. Millennium Management LLC increased its holdings in Byrna Technologies by 247.9% in the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after buying an additional 232,770 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Byrna Technologies in the 1st quarter worth approximately $173,000. Finally, Strs Ohio purchased a new position in Byrna Technologies during the 1st quarter worth approximately $113,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BYRN. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a report on Friday, July 10th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. B. Riley Financial lowered their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Byrna Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.

Byrna Technologies Trading Down 7.3%

Shares of NASDAQ:BYRN opened at $3.54 on Wednesday. Byrna Technologies Inc. has a 12-month low of $3.51 and a 12-month high of $30.62. The company has a market capitalization of $80.32 million, a PE ratio of -19.67 and a beta of 1.80. The business has a 50 day moving average of $5.72 and a two-hundred day moving average of $9.69.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The company had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%. Equities research analysts predict that Byrna Technologies Inc. will post 0.03 earnings per share for the current fiscal year.

Byrna Technologies 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.