Byrna Technologies Inc. (NASDAQ:BYRN) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts have given Byrna Technologies a consensus rating of "Buy" across seven brokerages (1 hold, 3 buy, 3 strong buy) with an average 12-month price target of $29.67.
• The stock opened at $9.05 and is trading near its 52-week low of $8.85 (52-week high $34.30), with a market capitalization of $205.16 million, well below the consensus price target.
• In its most recent quarter Byrna reported earnings of $0.14 per share (beating the $0.13 estimate) on $35.25 million of revenue, with a net margin of 8.2% and analysts projecting about $0.28 EPS for the fiscal year.

Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) have been given a consensus rating of "Buy" by the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.6667.

A number of analysts have weighed in on the company. Craig Hallum restated a "buy" rating and issued a $18.00 price target on shares of Byrna Technologies in a research note on Tuesday, March 10th. Zacks Research cut Byrna Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 8th. B. Riley Financial dropped their price objective on Byrna Technologies from $46.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. Finally, Texas Capital upgraded Byrna Technologies to a "strong-buy" rating in a research note on Tuesday.

Institutional Trading of Byrna Technologies

Several institutional investors have recently modified their holdings of BYRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Byrna Technologies by 4.8% in the 1st 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 in the last quarter. Tidal Investments LLC raised its stake in Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company's stock worth $382,000 after acquiring an additional 576 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company's stock valued at $26,000 after acquiring an additional 672 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Byrna Technologies by 28.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,549 shares of the company's stock valued at $110,000 after acquiring an additional 789 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Byrna Technologies by 9.9% in the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company's stock valued at $281,000 after acquiring an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company's stock.

Byrna Technologies Stock Down 3.9%

NASDAQ BYRN opened at $9.05 on Friday. Byrna Technologies has a 52 week low of $8.85 and a 52 week high of $34.30. The firm has a 50 day moving average of $12.60 and a two-hundred day moving average of $17.04. The stock has a market capitalization of $205.16 million, a PE ratio of 22.63 and a beta of 2.30.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $35.25 million for the quarter, compared to analyst estimates of $34.92 million. Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. On average, equities research analysts expect that Byrna Technologies will post 0.28 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.

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