Craig Hallum Downgrades Byrna Technologies (NASDAQ:BYRN) to Hold

Byrna Technologies (NASDAQ:BYRN) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Friday, Marketbeat Ratings reports. They presently have a $7.50 price objective on the stock. Craig Hallum’s target price would indicate a potential upside of 32.04% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial reduced their target price on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Byrna Technologies currently has an average rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Stock Performance

NASDAQ BYRN opened at $5.68 on Friday. The stock’s fifty day moving average is $11.08 and its two-hundred day moving average is $16.09. The firm has a market capitalization of $128.88 million, a P/E ratio of 15.78 and a beta of 2.46. Byrna Technologies has a fifty-two week low of $5.56 and a fifty-two week high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Byrna Technologies had a return on equity of 14.45% and a net margin of 7.30%.The company had revenue of $29.05 million for the quarter, compared to analyst estimates of $30.21 million. During the same period last year, the firm posted $0.07 EPS. As a group, sell-side analysts forecast that Byrna Technologies will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Byrna Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Byrna Technologies by 5.8% in the 4th quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after buying an additional 54,555 shares during the period. Millennium Management LLC raised its holdings in shares of Byrna Technologies by 32.7% in the 4th quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after buying an additional 220,130 shares during the period. UBS Group AG raised its holdings in shares of Byrna Technologies by 35.8% in the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after buying an additional 137,260 shares during the period. Geode Capital Management LLC raised its holdings in shares of Byrna Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after buying an additional 1,126 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of 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 buying an additional 350,861 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Key Headlines Impacting Byrna Technologies

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.