Byrna Technologies (NASDAQ:BYRN) Price Target Lowered to $21.00 at B. Riley Financial

Key Points

• B. Riley Financial cut its price target on Byrna from $31.00 to $21.00 while maintaining a "buy" rating, which the note says implies a potential upside of 264.90% from the current stock price.
• Q1 results missed expectations—EPS $0.03 vs. $0.08 estimate and revenue $29.05M vs. $30.21M—sparking about a 9% drop in the share price to $5.76 as volume spiked and the stock traded near its 52‑week low.
• Analysts are mixed overall: the consensus rating is "Buy" with an average price target of $12.13, while individual targets and ratings range from strong-buy calls to holds (recent targets cited include $7.50, $12.50 and B. Riley's $21).

Byrna Technologies (NASDAQ:BYRN - Get Free Report) had its price target cut by equities researchers at B. Riley Financial from $31.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's price target would suggest a potential upside of 264.90% from the company's current price.

Several other research firms also recently weighed in on BYRN. New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday. Texas Capital raised shares of Byrna Technologies to a "strong-buy" rating in a research note on Tuesday, March 24th. Roth Mkm set a $12.50 price target on shares of Byrna Technologies and gave the company a "buy" rating in a research note on Friday. Finally, Craig Hallum downgraded shares of Byrna Technologies from a "buy" rating to a "hold" rating and set a $7.50 price target for the company. in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $12.13.

Byrna Technologies Trading Down 9.2%

Shares of Byrna Technologies stock traded down $0.59 on Friday, hitting $5.76. 1,072,230 shares of the company traded hands, compared to its average volume of 522,839. The stock's 50 day moving average price is $11.24 and its 200-day moving average price is $16.24. Byrna Technologies has a 52 week low of $5.78 and a 52 week high of $34.30. The company has a market cap of $130.58 million, a PE ratio of 14.39 and a beta of 2.46.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. The company had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. During the same period in the prior year, the firm posted $0.07 EPS. As a group, research analysts anticipate that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently bought and sold shares of BYRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 purchasing an additional 468 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Byrna Technologies by 4.9% during the second quarter. Tidal Investments LLC now owns 12,363 shares of the company's stock valued at $382,000 after buying an additional 576 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Byrna Technologies by 138.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company's stock valued at $26,000 after buying an additional 672 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Byrna Technologies by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company's stock valued at $281,000 after buying an additional 822 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings 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 valued at $49,000 after buying an additional 1,047 shares during the last quarter. Institutional investors own 25.46% of the company's stock.

Key Headlines Impacting Byrna Technologies

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

• Positive Sentiment: The company remains profitable on a GAAP basis in Q1 with positive net margin and solid return on equity, signaling underlying profitability despite the miss. Read More.
• Neutral Sentiment: An analyst at Craig Hallum downgraded BYRN from Buy to Hold and set a $7.50 price target, reflecting a more cautious view but still implying upside vs. current levels. Read More.
• Neutral Sentiment: Full earnings-call transcripts and summaries were released (useful for guidance/execution details); investors can review management commentary for color on order flow and cost trends. Read More.
• Negative Sentiment: Q1 EPS of $0.03 missed consensus (reported misses ranged versus $0.05–$0.08 estimates) and revenue of $29.05M came in below expectations (~$30.2M), a primary catalyst for the selloff. Read More.
• Negative Sentiment: Market reports flagged “execution struggles” on the call and described the reaction as a plunge — investors are reacting to both the miss and management’s ability to drive near‑term growth. Read More.
• Negative Sentiment: Multiple outlets and transcripts note the YoY EPS decline and the miss versus Zacks/consensus estimates; volume picked up on the selloff, signaling stronger investor conviction to trim positions. Read More.

Byrna Technologies Company 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.

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