Byrna Technologies Inc. (BYRN) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Byrna has a consensus “Moderate Buy” rating from five analysts and an average one-year price target of $6.62. Recent views vary, including B. Riley’s $11 target and Craig Hallum’s $3.50 target.
• Quarterly results were mixed: Byrna’s loss of $0.13 per share was narrower than analysts expected, but revenue of $15.30 million fell short of the $16.27 million consensus estimate.
• A company director bought 10,000 shares at an average price of $4.77, more than doubling his direct stake. Insiders own 1.60% of the company’s stock.

Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.62.

A number of analysts recently issued reports on the company. B. Riley Financial lowered their price target on Byrna Technologies from $12.00 to $11.00 and set a "buy" rating for the company in a report on Monday, October 12th. Zacks Research raised Byrna Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Craig Hallum restated a "hold" rating and set a $3.50 price objective on shares of Byrna Technologies in a report on Friday, October 9th. Wall Street Zen raised shares of Byrna Technologies from a "strong sell" rating to a "sell" rating in a research report on Saturday, October 10th. Finally, Roth Capital lowered shares of Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 price target on the stock. in a research report on Friday, July 10th.

Byrna Technologies Stock Performance

BYRN opened at $3.83 on Friday. The company has a market capitalization of $89.66 million, a P/E ratio of -9.57 and a beta of 1.81. The company has a 50-day moving average of $4.01 and a 200-day moving average of $6.71. Byrna Technologies has a 1-year low of $3.16 and a 1-year high of $20.69.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The business had revenue of $15.30 million during the quarter, compared to analyst estimates of $16.27 million. Byrna Technologies had a negative net margin of 9.20% and a negative return on equity of 14.46%. As a group, sell-side analysts expect that Byrna Technologies will post -0.65 earnings per share for the current fiscal year.

Insider Activity at Byrna Technologies

In related news, Director Adam L. Roth acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of $4.77 per share, for a total transaction of $47,700.00. Following the completion of the acquisition, the director directly owned 19,379 shares of the company's stock, valued at approximately $92,437.83. This trade represents a 106.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new position in shares of Byrna Technologies during the 1st quarter worth $115,000. Bank of New York Mellon Corp acquired a new position in shares of Byrna Technologies in the second quarter worth about $86,000. Corient Private Wealth LP acquired a new position in Byrna Technologies in the second quarter valued at approximately $95,000. Engineers Gate Manager LP acquired a new position in Byrna Technologies during the 2nd quarter valued at about $106,000. Finally, MGO One Seven LLC boosted its holdings in shares of Byrna Technologies by 18.9% in the third quarter. MGO One Seven LLC now owns 16,867 shares of the company's stock worth $55,000 after buying an additional 2,684 shares during the period. Institutional investors own 25.46% of the company's stock.

About Byrna Technologies

Byrna Technologies Inc is a developer and manufacturer of non-lethal personal security products. The company's product portfolio is centered on compact, CO2-powered launchers designed to provide an alternative to traditional firearms for personal protection, home security and professional use.

Byrna offers launchers, projectiles and related accessories, including chemical-irritant, kinetic and training ammunition. Its products are marketed through direct-to-consumer and wholesale channels and are intended for consumers, private security personnel, law enforcement agencies and other professional users.

The company was previously known as Security Devices International before adopting the Byrna Technologies name.

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