Wealthspire Advisors LLC Sells 17,655 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Key Points

• Wealthspire Advisors LLC reduced its stake in Byrna Technologies by 3.7% during the 1st quarter, owning approximately 453,399 shares valued at about $7.64 million.
• Byrna Technologies reported earnings per share (EPS) of $0.10 for the quarter, exceeding the consensus estimate of $0.03.
• Several analysts have upgraded Byrna Technologies, with a consensus rating of "Buy" and an average target price of $38.75.

Wealthspire Advisors LLC trimmed its holdings in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,399 shares of the company's stock after selling 17,655 shares during the period. Wealthspire Advisors LLC owned 2.00% of Byrna Technologies worth $7,635,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BYRN. Quarry LP acquired a new position in shares of Byrna Technologies during the fourth quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at $29,000. BNP Paribas Financial Markets bought a new position in Byrna Technologies in the 4th quarter worth approximately $65,000. GAMMA Investing LLC lifted its stake in shares of Byrna Technologies by 3,377.2% during 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 during the period. 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BYRN. B. Riley restated a "buy" rating and set a $46.00 target price (up previously from $39.00) on shares of Byrna Technologies in a report on Friday, July 11th. Roth Capital boosted their price target on shares of Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Craig Hallum began coverage on Byrna Technologies in a research note on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Byrna Technologies has an average rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Price Performance

NASDAQ BYRN traded down $0.09 on Friday, reaching $21.15. The stock had a trading volume of 373,422 shares, compared to its average volume of 734,044. Byrna Technologies Inc. has a 1-year low of $9.78 and a 1-year high of $34.78. The firm has a fifty day moving average of $27.00 and a two-hundred day moving average of $24.74. The company has a market cap of $480.11 million, a P/E ratio of 34.11 and a beta of 2.07.

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

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.