B. Riley Financial Lowers Byrna Technologies (NASDAQ:BYRN) Price Target to $21.00

Byrna Technologies (NASDAQ:BYRN) had its price target reduced by B. Riley Financial from $31.00 to $21.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s target price suggests a potential upside of 269.72% from the company’s current price.

BYRN has been the subject of a number of other reports. New Street Research set a $7.50 target price on Byrna Technologies in a research note on Friday. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Roth Mkm cut their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a research note on Friday. Finally, Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $12.13.

Byrna Technologies Trading Down 10.4%

Shares of BYRN stock opened at $5.68 on Friday. The company has a market cap of $128.88 million, a price-to-earnings ratio of 15.78 and a beta of 2.46. The stock has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $16.09. Byrna Technologies has a 12-month low of $5.56 and a 12-month high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a return on equity of 14.45% and a net margin of 7.30%.During the same period last year, the company posted $0.07 earnings per share. On average, equities analysts forecast that Byrna Technologies will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds have recently bought and sold shares of BYRN. Millennium Management LLC increased its stake in Byrna Technologies by 228.0% in the 3rd quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock valued at $14,917,000 after purchasing an additional 467,932 shares in the last quarter. Invesco Ltd. purchased a new position in Byrna Technologies in the 2nd quarter valued at approximately $13,079,000. AIGH Capital Management LLC purchased a new position in Byrna Technologies in the 4th quarter valued at approximately $6,630,000. Pinnacle Associates Ltd. increased its stake in Byrna Technologies by 401.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock valued at $7,359,000 after purchasing an additional 350,861 shares in the last quarter. Finally, UBS Group AG increased its stake in Byrna Technologies by 232.6% in the 3rd quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after purchasing an additional 268,108 shares in the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

More Byrna Technologies News

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: B. Riley cut its price target to $21 from $31 but reiterated a “buy” rating, leaving a sizable implied upside relative to current levels — a vote of confidence from a sell‑side firm that could support the stock if execution or results improve. Benzinga
• Neutral Sentiment: Full Q1 2026 earnings call transcripts and summaries are available for investors to review management commentary on execution, channel demand, and guidance — useful for judging whether the miss is temporary. Yahoo Earnings Call Summary
• Negative Sentiment: Q1 results missed expectations: EPS $0.03 vs. consensus (~$0.05–$0.08) and revenue $29.05M vs. est. $30.21M — the miss and commentary on execution prompted downward reaction and raise concerns about near‑term growth. Investing.com
• Negative Sentiment: MarketWatch and other outlets highlighted “execution struggles” on the quarter — negative press amplifies investor concern and can pressure the stock near its 1‑year low. MarketWatch
• Negative Sentiment: Craig Hallum downgraded BYRN from “buy” to “hold” and cut its price target to $7.50, reducing near‑term analyst support and signaling lower conviction among some brokers. The Fly
• Negative Sentiment: Technicals and liquidity: shares are trading with elevated volume and are close to their 1‑year low while well below the 50‑ and 200‑day moving averages — a headwind for buyers until fundamentals or sentiment improve. GlobeNewswire (press release)

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.