American Century Companies Inc. Makes New Investment 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 position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 12,970 shares of the company's stock, valued at approximately $218,000. American Century Companies Inc. owned about 0.06% of Byrna Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in Byrna Technologies in the fourth quarter valued at $65,000. Gen Wealth Partners Inc purchased a new stake in Byrna Technologies in the fourth quarter valued at $115,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 4,154 shares during the period. State of Wyoming purchased a new stake in Byrna Technologies in the fourth quarter valued at $180,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Byrna Technologies in the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Byrna Technologies Trading Up 3.6%

BYRN opened at $19.62 on Monday. The stock's 50-day moving average price is $23.01 and its 200 day moving average price is $23.21. Byrna Technologies Inc. has a 12-month low of $13.10 and a 12-month high of $34.78. The firm has a market cap of $445.37 million, a price-to-earnings ratio of 31.65 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%.The firm had revenue of $28.51 million for the quarter, compared to analyst estimates of $28.47 million. On average, research analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Craig Hallum assumed coverage on Byrna Technologies in a research report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 target price on the stock. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. B. Riley restated a "buy" rating and issued a $46.00 target price (up previously from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Finally, Roth Capital boosted their price objective on Byrna Technologies from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, Byrna Technologies has a consensus rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies 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.

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