American Century Companies Inc. Invests $218,000 in Byrna Technologies Inc. $BYRN

Key Points

• American Century Companies Inc. has made a new investment in Byrna Technologies, acquiring 12,970 shares worth approximately $218,000, representing 0.06% of the company's stock.
• Byrna Technologies recently reported earnings of $0.10 per share, exceeding analysts' expectations, and has shown strong institutional interest with several firms increasing their stakes.
• Analysts have a consensus rating of "Buy" for Byrna Technologies, with target prices ranging from $39.00 to $46.00, indicating positive market sentiment for the stock's future performance.

American Century Companies Inc. bought a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,970 shares of the company's stock, valued at approximately $218,000. American Century Companies Inc. owned 0.06% of Byrna Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BYRN. BNP Paribas Financial Markets purchased a new position in shares of Byrna Technologies in the fourth quarter valued at $65,000. Gen Wealth Partners Inc bought a new stake in shares of Byrna Technologies during the fourth quarter worth $115,000. GAMMA Investing LLC raised its holdings in shares of Byrna Technologies by 3,377.2% in the first quarter. GAMMA Investing LLC now owns 4,277 shares of the company's stock valued at $72,000 after acquiring an additional 4,154 shares in the last quarter. State of Wyoming bought a new stake in shares of Byrna Technologies in the fourth quarter valued at about $180,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Byrna Technologies in the fourth quarter valued at about $203,000. Institutional investors own 25.46% of the company's stock.

Byrna Technologies Price Performance

NASDAQ:BYRN traded down $0.34 during trading hours on Friday, reaching $19.97. The company had a trading volume of 418,753 shares, compared to its average volume of 473,687. Byrna Technologies Inc. has a 1-year low of $13.10 and a 1-year high of $34.78. The firm has a market cap of $453.32 million, a PE ratio of 32.21 and a beta of 2.02. The business's 50 day moving average price is $21.84 and its 200-day moving average price is $23.03.

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 analysts' consensus estimates of $0.05 by $0.05. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%.The company had revenue of $28.51 million during the quarter, compared to the consensus estimate of $28.47 million. On average, analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BYRN shares. Craig Hallum started coverage on Byrna Technologies in a report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price objective for the company. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. B. Riley restated a "buy" rating and set a $46.00 price target (up previously from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. Finally, Roth Capital boosted their price target on Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $38.75.

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.