Roth Capital Lifts Earnings Estimates for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) - Investment analysts at Roth Capital lifted their FY2026 earnings per share (EPS) estimates for Byrna Technologies in a research report issued on Monday, June 2nd. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of $0.54 for the year, up from their prior forecast of $0.53. The consensus estimate for Byrna Technologies' current full-year earnings is $0.28 per share.

A number of other analysts have also commented on BYRN. B. Riley reaffirmed a "buy" rating and set a $39.00 price objective (up previously from $38.00) on shares of Byrna Technologies in a research note on Friday. Wolfe Research raised Byrna Technologies to a "strong-buy" rating in a research note on Friday. Finally, Roth Mkm reissued a "buy" rating and set a $33.00 price target on shares of Byrna Technologies in a research report on Thursday, March 20th.

Byrna Technologies Stock Up 18.0%

Shares of BYRN traded up $4.78 during trading hours on Wednesday, reaching $31.35. 2,029,310 shares of the company traded hands, compared to its average volume of 505,646. The stock has a market capitalization of $710.61 million, a PE ratio of 58.06 and a beta of 2.11. Byrna Technologies has a fifty-two week low of $7.79 and a fifty-two week high of $34.78. The stock has a fifty day simple moving average of $22.26 and a 200 day simple moving average of $24.21.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings data on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The business had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Byrna Technologies in the 4th quarter valued at approximately $134,000. New York State Common Retirement Fund boosted its position in Byrna Technologies by 2,200.0% during the 4th quarter. New York State Common Retirement Fund now owns 6,900 shares of the company's stock worth $199,000 after acquiring an additional 6,600 shares during the period. Global Retirement Partners LLC acquired a new position in Byrna Technologies during the 4th quarter worth $30,000. Bank of New York Mellon Corp boosted its position in Byrna Technologies by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company's stock worth $3,989,000 after acquiring an additional 2,899 shares during the period. Finally, NCP Inc. acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at $37,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Byrna Technologies news, Director Emily Rooney acquired 2,500 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were bought at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the acquisition, the director now directly owns 37,564 shares of the company's stock, valued at $770,062. This trade represents a 7.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.08% of the stock is owned by company insiders.

About Byrna Technologies

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.