Massachusetts Financial Services Co. MA Buys Shares of 21,330 Byrna Technologies Inc. (NASDAQ:BYRN)

Massachusetts Financial Services Co. MA purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 21,330 shares of the company's stock, valued at approximately $359,000. Massachusetts Financial Services Co. MA owned 0.09% of Byrna Technologies at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Byrna Technologies in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new position in Byrna Technologies during the 4th quarter valued at about $29,000. BNP Paribas Financial Markets acquired a new position in Byrna Technologies during the 4th quarter valued at about $65,000. GAMMA Investing LLC boosted its stake in Byrna Technologies by 3,377.2% during the 1st 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 last quarter. Finally, Gen Wealth Partners Inc acquired a new position in Byrna Technologies during the 4th quarter valued at about $115,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN traded down $0.31 during midday trading on Friday, reaching $23.23. The company's stock had a trading volume of 51,708 shares, compared to its average volume of 604,223. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78. The firm has a 50 day moving average price of $27.65 and a 200-day moving average price of $25.19. The stock has a market capitalization of $527.32 million, a P/E ratio of 37.59 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.07. The company had revenue of $28,505 billion for the quarter, compared to analysts' expectations of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. On average, equities analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

BYRN has been the subject of a number of analyst reports. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Roth Capital lifted their price target on Byrna Technologies from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Craig Hallum initiated coverage on Byrna Technologies in a research note on Wednesday, July 16th. They set a "buy" rating and a $39.00 price target for the company. Finally, B. Riley reiterated 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. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $38.75.

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.