Deutsche Bank AG Sells 1,518 Shares of Byrna Technologies Inc. $BYRN

Deutsche Bank AG decreased its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,414 shares of the company’s stock after selling 1,518 shares during the period. Deutsche Bank AG owned about 0.06% of Byrna Technologies worth $243,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BYRN. Malaga Cove Capital LLC lifted its holdings in Byrna Technologies by 438.7% during the 1st quarter. Malaga Cove Capital LLC now owns 44,176 shares of the company’s stock worth $744,000 after buying an additional 35,976 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Byrna Technologies by 476.3% during the first quarter. XTX Topco Ltd now owns 47,154 shares of the company’s stock worth $794,000 after buying an additional 38,972 shares in the last quarter. Federated Hermes Inc. raised its position in Byrna Technologies by 7,894.6% in the 1st quarter. Federated Hermes Inc. now owns 16,149 shares of the company’s stock valued at $272,000 after buying an additional 15,947 shares during the last quarter. McCollum Christoferson Group LLC lifted its stake in Byrna Technologies by 1.7% in the 1st quarter. McCollum Christoferson Group LLC now owns 95,925 shares of the company’s stock valued at $1,615,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Byrna Technologies in the 1st quarter valued at approximately $359,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $20.40 on Friday. The stock has a 50-day simple moving average of $24.16 and a 200 day simple moving average of $23.69. The stock has a market capitalization of $463.08 million, a P/E ratio of 32.90 and a beta of 2.07. Byrna Technologies Inc. has a 52 week low of $10.66 and a 52 week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. The company had revenue of $28.51 million for the quarter, compared to analyst estimates of $28.47 million. Research analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BYRN shares. Wolfe Research upgraded shares of Byrna Technologies to a “strong-buy” rating in a report on Friday, June 6th. Craig Hallum started coverage on shares of Byrna Technologies in a research report on Wednesday, July 16th. They issued a “buy” rating and a $39.00 target price for the company. B. Riley reissued a “buy” rating and set a $46.00 price target (up from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Finally, Roth Capital raised their price objective on Byrna Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $38.75.

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.