XTX Topco Ltd Grows Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Key Points

• XTX Topco Ltd significantly increased its holdings in Byrna Technologies by 476.3%, acquiring an additional 38,972 shares during the first quarter, bringing its total to 47,154 shares valued at approximately $794,000.
• Multiple research analysts have expressed positive sentiment on Byrna Technologies, with several issuing "buy" ratings and raising price targets, the highest being set at $46.00 by B. Riley.
• Byrna Technologies reported a quarterly EPS of $0.10, surpassing analysts' expectations of $0.03, and achieved revenue of $28.505 million, indicating strong financial performance.

XTX Topco Ltd boosted its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 476.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,154 shares of the company's stock after purchasing an additional 38,972 shares during the quarter. XTX Topco Ltd owned about 0.21% of Byrna Technologies worth $794,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. purchased a new position in shares of Byrna Technologies during the 4th quarter worth $942,000. Nuveen Asset Management LLC grew its stake in shares of Byrna Technologies by 1,039.5% in the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock worth $7,670,000 after purchasing an additional 242,875 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Byrna Technologies in the fourth quarter worth about $65,000. Russell Investments Group Ltd. acquired a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $29,000. Finally, GAMMA Investing LLC raised its position in 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 in the last quarter. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BYRN. B. Riley reissued a "buy" rating and set a $46.00 price target (up previously from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Roth Capital upped their price objective on shares of Byrna Technologies from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Craig Hallum initiated coverage on shares of Byrna Technologies in a research note on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Byrna Technologies presently has a consensus rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Stock Up 0.4%

Byrna Technologies stock traded up $0.09 during mid-day trading on Thursday, hitting $21.07. The company had a trading volume of 222,360 shares, compared to its average volume of 598,118. The stock has a market cap of $478.18 million, a price-to-earnings ratio of 34.03 and a beta of 2.07. Byrna Technologies Inc. has a 1 year low of $8.95 and a 1 year high of $34.78. The business has a fifty day moving average of $27.21 and a 200 day moving average of $24.86.

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