Byrna Technologies Inc. (NASDAQ:BYRN) Stock Has Consensus Target Price of $6.62

Key Points

• Analyst consensus is “Moderate Buy” for Byrna Technologies, based on five ratings, with an average 12-month price target of $6.62 versus the stock’s $4.55 opening price.
• Byrna recently reported an adjusted quarterly loss of $0.13 per share, beating estimates of a $0.16 loss, while revenue of $15.30 million fell short of the $16.27 million consensus.
• Insiders and institutional investors have been adding shares: insiders purchased 71,258 shares worth $261,855 over the past 90 days, while institutional investors own 25.46% of the company.

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.62.

Several equities analysts have weighed in on BYRN shares. Craig Hallum reaffirmed a "hold" rating and set a $3.50 price target on shares of Byrna Technologies in a report on Friday. B. Riley Financial dropped their price target on shares of Byrna Technologies from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Monday. Wall Street Zen raised shares of Byrna Technologies from a "strong sell" rating to a "sell" rating in a research note on Saturday. Roth Capital downgraded shares of Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 price objective on the stock. in a research report on Friday, July 10th. Finally, Zacks Research upgraded shares of Byrna Technologies from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th.

Byrna Technologies Stock Up 0.7%

NASDAQ BYRN opened at $4.55 on Tuesday. Byrna Technologies has a 52 week low of $3.16 and a 52 week high of $27.77. The company has a market capitalization of $106.52 million, a P/E ratio of -11.37 and a beta of 1.70. The stock's 50-day moving average price is $3.84 and its 200-day moving average price is $5.18.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The company had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. Research analysts anticipate that Byrna Technologies will post -0.63 EPS for the current year.

Insider Activity

In other Byrna Technologies news, Director Leonard J. Elmore purchased 10,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $4.64 per share, with a total value of $46,400.00. Following the completion of the acquisition, the director directly owned 60,811 shares in the company, valued at $282,163.04. The trade was a 19.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Conn Q. Davis acquired 18,768 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average price of $3.46 per share, for a total transaction of $64,937.28. Following the completion of the transaction, the chief executive officer directly owned 18,768 shares of the company's stock, valued at approximately $64,937.28. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 71,258 shares of company stock worth $261,855. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Byrna Technologies

Several institutional investors have recently made changes to their positions in BYRN. Emerald Advisers LLC raised its stake in Byrna Technologies by 165.7% during the 1st quarter. Emerald Advisers LLC now owns 432,626 shares of the company's stock valued at $3,972,000 after purchasing an additional 269,817 shares during the period. Renaissance Technologies LLC boosted its stake in Byrna Technologies by 496.5% in the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company's stock worth $3,510,000 after purchasing an additional 318,227 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in Byrna Technologies by 184.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company's stock valued at $2,939,000 after buying an additional 207,781 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Byrna Technologies by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company's stock valued at $2,659,000 after buying an additional 25,188 shares in the last quarter. Finally, Connective Capital Management LLC purchased a new stake in Byrna Technologies during the 4th quarter valued at approximately $650,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company's product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna's products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.

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