XTX Topco Ltd Purchases 38,972 Shares of 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 increased its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 476.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,154 shares of the company's stock after purchasing an additional 38,972 shares during the quarter. XTX Topco Ltd owned approximately 0.21% of Byrna Technologies worth $794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Byrna Technologies during the fourth quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Byrna Technologies during the fourth quarter worth about $29,000. BNP Paribas Financial Markets purchased a new position in Byrna Technologies during the fourth quarter worth about $65,000. Gen Wealth Partners Inc purchased a new position in Byrna Technologies during the fourth quarter worth about $115,000. Finally, GAMMA Investing LLC boosted its stake 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 acquiring an additional 4,154 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. B. Riley reiterated a "buy" rating and issued a $46.00 target price (up from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. Roth Capital boosted their target price on shares of 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 assumed coverage on shares of Byrna Technologies in a research note on Wednesday, July 16th. They issued a "buy" rating and a $39.00 target price on the stock. Finally, Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $38.75.

Byrna Technologies Trading Up 2.5%

Shares of BYRN stock traded up $0.54 during trading on Monday, reaching $21.86. 353,064 shares of the company's stock traded hands, compared to its average volume of 910,962. The company has a market capitalization of $496.22 million, a P/E ratio of 35.26 and a beta of 2.07. The firm's 50-day moving average is $27.38 and its 200 day moving average is $24.90. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

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.