Byrna Technologies (NASDAQ:BYRN) Director Buys $22,650.00 in Stock

Key Points

• Insider buying: Director Adam Roth purchased 5,000 Byrna Technologies shares for $22,650, increasing his direct ownership by 114.18% to 9,379 shares.
• Stock and financial performance: BYRN recently traded at $4.84, near the lower end of its 52-week range. The company beat quarterly EPS expectations but missed revenue estimates and remains unprofitable.
• Analyst outlook: Ratings are mixed, but the consensus view is “Moderate Buy,” with an average price target of $6.62 versus the recent share price.

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) Director Adam Roth purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, October 14th. The stock was acquired at an average price of $4.53 per share, for a total transaction of $22,650.00. Following the acquisition, the director directly owned 9,379 shares of the company's stock, valued at $42,486.87. This trade represents a 114.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN traded up $0.06 during midday trading on Friday, hitting $4.84. 1,648,622 shares of the company's stock traded hands, compared to its average volume of 602,050. The firm's fifty day moving average price is $3.84 and its two-hundred day moving average price is $5.09. Byrna Technologies Inc. has a twelve month low of $3.16 and a twelve month high of $22.47. The company has a market cap of $113.30 million, a PE ratio of -12.10 and a beta of 1.70.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. The firm had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. As a group, equities research analysts anticipate that Byrna Technologies Inc. will post -0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BYRN. B. Riley Financial lowered their target price on Byrna Technologies from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Monday. Craig Hallum reissued a "hold" rating and set a $3.50 price target on shares of Byrna Technologies in a research report on Friday, October 9th. Zacks Research raised shares of Byrna Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Roth Capital lowered Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 target price on the stock. in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded Byrna Technologies from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $6.62.

Institutional Trading of Byrna Technologies

A number of hedge funds have recently made changes to their positions in BYRN. Byrne Asset Management LLC increased its stake in shares of Byrna Technologies by 107.0% in the third quarter. Byrne Asset Management LLC now owns 22,600 shares of the company's stock worth $79,000 after buying an additional 11,680 shares during the last quarter. Engineers Gate Manager LP bought a new position in Byrna Technologies during the 2nd quarter valued at $106,000. Squarepoint Ops LLC boosted its stake in Byrna Technologies by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 51,696 shares of the company's stock valued at $347,000 after acquiring an additional 4,254 shares during the last quarter. Corient Private Wealth LP bought a new position in Byrna Technologies during the 2nd quarter valued at $95,000. Finally, Bank of New York Mellon Corp acquired a new position in Byrna Technologies during the 2nd quarter worth $86,000. Institutional investors and hedge funds own 25.46% of the company's stock.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company's product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna's products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.

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