Byrna Technologies Inc. (NASDAQ:BYRN) Stock Has Consensus Price Target of $7.88

by · The Cerbat Gem

Shares of Byrna Technologies Inc. (NASDAQ:BYRN – Get Free Report) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.88.

Several analysts recently commented on BYRN shares. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, July 10th. Zacks Research raised Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. B. Riley Financial reduced their target price on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th.

Check Out Our Latest Report on Byrna Technologies

Insider Activity

In other news, Director Chris Reed acquired 8,150 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was bought at an average price of $3.63 per share, with a total value of $29,584.50. Following the completion of the acquisition, the director owned 61,720 shares in the company, valued at approximately $224,043.60. This represents a 15.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Conn Davis bought 18,768 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $3.46 per share, with a total value of $64,937.28. Following the purchase, the chief executive officer directly owned 18,768 shares of the company’s stock, valued at $64,937.28. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 71,258 shares of company stock valued at $261,855 over the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Byrna Technologies

Several large investors have recently made changes to their positions in BYRN. Engineers Gate Manager LP acquired a new stake in shares of Byrna Technologies in the second quarter valued at $106,000. Squarepoint Ops LLC lifted its position in Byrna Technologies by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock worth $347,000 after buying an additional 4,254 shares in the last quarter. Corient Private Wealth LP bought a new stake in Byrna Technologies during the 2nd quarter worth about $95,000. Bank of New York Mellon Corp bought a new stake in Byrna Technologies during the 2nd quarter worth about $86,000. Finally, Arkadios Wealth Advisors acquired a new stake in Byrna Technologies in the 1st quarter valued at about $214,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

NASDAQ:BYRN opened at $3.62 on Friday. The firm has a market capitalization of $84.74 million, a PE ratio of -20.11 and a beta of 1.76. Byrna Technologies has a 12-month low of $3.16 and a 12-month high of $30.62. The firm has a 50-day moving average price of $3.86 and a 200 day moving average price of $5.68.

Byrna Technologies (NASDAQ:BYRN – Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The company had revenue of $16.39 million for the quarter, compared to analyst estimates of $22.32 million. On average, research analysts expect that Byrna Technologies will post -0.63 EPS for the current year.

About Byrna Technologies

(Get Free Report)

Byrna Technologies Inc is a developer and manufacturer of non-lethal personal security products. The company’s portfolio is centered on compact, handheld launchers designed to provide an alternative to conventional firearms for personal protection, security, and law-enforcement applications.

Byrna’s products include its CO2-powered launchers, chemical irritant projectiles, kinetic rounds, training ammunition, holsters, optics, and other accessories. Its chemical projectiles are designed to disperse irritants such as pepper and tear gas, while kinetic rounds are intended for less-lethal impact applications.

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