B. Riley Boosts Byrna Technologies (NASDAQ:BYRN) Price Target to $46.00

Byrna Technologies (NASDAQ:BYRN - Get Free Report) had its price objective hoisted by B. Riley from $39.00 to $46.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley's target price would indicate a potential upside of 100.26% from the company's current price. 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.

BYRN has been the topic of several other research reports. Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Roth Mkm reaffirmed a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a report on Thursday, March 20th. Finally, Roth Capital reissued a "buy" rating and issued a $37.00 price target (up from $33.00) on shares of Byrna Technologies in a report on Wednesday.

Byrna Technologies Stock Down 9.6%

Shares of BYRN stock traded down $2.45 during trading hours on Friday, reaching $22.97. 2,257,962 shares of the stock traded hands, compared to its average volume of 535,042. Byrna Technologies has a 1-year low of $7.79 and a 1-year high of $34.78. The business has a fifty day moving average price of $27.77 and a 200 day moving average price of $25.62. The firm has a market capitalization of $520.96 million, a PE ratio of 37.05 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. Byrna Technologies had a net margin of 14.28% and a return on equity of 17.63%. The business had revenue of $28,505 billion for the quarter, compared to analyst estimates of $28.47 million. Research analysts expect that Byrna Technologies will post 0.28 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently added to or reduced their stakes in BYRN. Quarry LP bought a new stake in Byrna Technologies during the 4th quarter worth about $25,000. Russell Investments Group Ltd. bought a new stake in Byrna Technologies during the 4th quarter worth about $29,000. AlphaQuest LLC grew its holdings in Byrna Technologies by 1,772.2% during the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock worth $31,000 after acquiring an additional 1,719 shares during the last quarter. Summit Securities Group LLC bought a new stake in Byrna Technologies during the 1st quarter worth about $32,000. Finally, BNP Paribas Financial Markets bought a new stake in Byrna Technologies during the 4th quarter worth about $65,000. Institutional investors own 25.46% of the company's stock.

Byrna Technologies Company Profile

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.