B. Riley Reiterates Buy Rating for Byrna Technologies (NASDAQ:BYRN)

Byrna Technologies (NASDAQ:BYRN - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at B. Riley in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $46.00 target price on the stock, up from their prior target price of $39.00. B. Riley's price target points to a potential upside of 104.35% from the stock's previous close. B. Riley also issued estimates for Byrna Technologies' Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.37 EPS, FY2026 earnings at $0.48 EPS and FY2027 earnings at $0.65 EPS.

Other analysts also recently issued research reports about the stock. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Roth Capital restated a "buy" rating and set a $37.00 price objective (up from $33.00) on shares of Byrna Technologies in a research report on Wednesday, July 9th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $33.00 target price on shares of Byrna Technologies in a research report on Thursday, March 20th.

Byrna Technologies Trading Down 2.0%

Shares of BYRN traded down $0.46 during mid-day trading on Friday, reaching $22.51. The company's stock had a trading volume of 1,275,469 shares, compared to its average volume of 539,172. Byrna Technologies has a 1-year low of $7.79 and a 1-year high of $34.78. The business has a 50-day simple moving average of $27.77 and a two-hundred day simple moving average of $25.56. The stock has a market cap of $510.48 million, a P/E ratio of 36.31 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $28.47 million. Research analysts anticipate that Byrna Technologies will post 0.28 EPS for the current year.

Insider Activity at Byrna Technologies

In other Byrna Technologies news, Director Emily Rooney acquired 2,500 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average price of $20.50 per share, for a total transaction of $51,250.00. Following the purchase, the director directly owned 37,564 shares of the company's stock, valued at $770,062. This trade represents a 7.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.75% of the company's stock.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of the business. Capital Research Global Investors bought a new position in shares of Byrna Technologies during the fourth quarter worth approximately $47,203,000. Driehaus Capital Management LLC bought a new position in Byrna Technologies during the 4th quarter worth $9,304,000. Invesco Ltd. raised its holdings in Byrna Technologies by 72.4% in the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company's stock valued at $20,099,000 after acquiring an additional 293,049 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Byrna Technologies by 1,039.5% during the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock valued at $7,670,000 after acquiring an additional 242,875 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company's stock valued at $5,501,000 after acquiring an additional 232,770 shares during the period. Institutional investors 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.