Byrna Technologies (NASDAQ:BYRN) Now Covered by Craig Hallum

Craig Hallum began coverage on shares of Byrna Technologies (NASDAQ:BYRN - Free Report) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $39.00 price objective on the stock.

A number of other brokerages also recently commented on BYRN. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. Roth Capital reiterated a "buy" rating and set a $37.00 price objective (up previously from $33.00) on shares of Byrna Technologies in a research report on Wednesday, July 9th. Roth Mkm reiterated a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th. Finally, B. Riley reiterated a "buy" rating and set a $46.00 price objective (up previously from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Byrna Technologies presently has a consensus rating of "Buy" and an average target price of $38.75.

Byrna Technologies Stock Down 1.1%

Shares of Byrna Technologies stock traded down $0.24 during mid-day trading on Wednesday, reaching $21.74. 659,421 shares of the stock traded hands, compared to its average volume of 550,856. The business has a 50-day moving average of $27.80 and a 200 day moving average of $25.36. Byrna Technologies has a fifty-two week low of $7.79 and a fifty-two week high of $34.78. The stock has a market capitalization of $493.50 million, a PE ratio of 57.21 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%. The business had revenue of $28,505 billion during the quarter, compared to analysts' expectations of $28.47 million. On average, equities research analysts expect that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, Director Emily Rooney bought 2,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $20.50 per share, with a total value of $51,250.00. Following the completion of the purchase, the director directly owned 37,564 shares in the company, valued at $770,062. The trade was a 7.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Byrna Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company's stock worth $174,000 after acquiring an additional 468 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Byrna Technologies by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 8,109 shares of the company's stock valued at $234,000 after buying an additional 484 shares in the last quarter. Quarry LP acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at $29,000. Finally, Rhumbline Advisers grew its stake in shares of Byrna Technologies by 5.0% in the first quarter. Rhumbline Advisers now owns 23,590 shares of the company's stock valued at $397,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company's stock.

About Byrna Technologies

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.