LADENBURG THALM/SH SH Raises Byrna Technologies (NASDAQ:BYRN) Price Target to $16.25

Byrna Technologies (NASDAQ:BYRN - Free Report) had its target price hoisted by LADENBURG THALM/SH SH from $12.75 to $16.25 in a research note released on Tuesday morning, Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on BYRN. B. Riley reaffirmed a buy rating and set a $17.00 price target (up previously from $14.00) on shares of Byrna Technologies in a research note on Monday. TheStreet upgraded Byrna Technologies from a d+ rating to a c- rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Byrna Technologies currently has an average rating of Moderate Buy and an average target price of $13.50.

Byrna Technologies Stock Up 0.1 %

Shares of BYRN stock traded up $0.02 during trading on Tuesday, hitting $14.99. The company had a trading volume of 380,136 shares, compared to its average volume of 201,902. The stock's 50-day moving average is $11.81 and its two-hundred day moving average is $7.46. The stock has a market capitalization of $340.87 million, a price-to-earnings ratio of -53.53 and a beta of 1.69. Byrna Technologies has a 52 week low of $2.19 and a 52 week high of $15.34.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.04. Byrna Technologies had a negative net margin of 11.83% and a negative return on equity of 13.18%. The firm had revenue of $15.64 million for the quarter, compared to analyst estimates of $15.59 million. On average, research analysts predict that Byrna Technologies will post -0.09 EPS for the current fiscal year.

Insider Activity

In other Byrna Technologies news, insider Herbert Hughes sold 5,229 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the transaction, the insider now directly owns 137,416 shares of the company's stock, valued at approximately $1,653,114.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.44% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BYRN. Charles Schwab Investment Management Inc. grew its holdings in Byrna Technologies by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 123,221 shares of the company's stock worth $1,007,000 after acquiring an additional 3,885 shares during the last quarter. Rhumbline Advisers increased its holdings in Byrna Technologies by 34.4% during the 1st quarter. Rhumbline Advisers now owns 16,877 shares of the company's stock valued at $138,000 after purchasing an additional 4,320 shares during the period. Raymond James & Associates raised its position in Byrna Technologies by 17.9% during the 1st quarter. Raymond James & Associates now owns 29,681 shares of the company's stock valued at $242,000 after purchasing an additional 4,508 shares during the last quarter. Spartan Fund Management Inc. purchased a new stake in Byrna Technologies in the 4th quarter worth approximately $32,000. Finally, Bank of America Corp DE grew its position in shares of Byrna Technologies by 17,573.5% in the 1st quarter. Bank of America Corp DE now owns 6,009 shares of the company's stock worth $46,000 after buying an additional 5,975 shares during the last quarter. Institutional investors own 25.46% of the company's stock.

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.