Brokerages Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $12.13

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.1250.

BYRN has been the topic of a number of recent analyst reports. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. B. Riley Financial lowered their price target on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Friday, April 10th. New Street Research set a $7.50 price target on shares of Byrna Technologies in a report on Friday, April 10th. Finally, Roth Mkm lowered their price target on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $6.10 on Tuesday. The company’s fifty day moving average price is $9.77 and its 200 day moving average price is $15.17. Byrna Technologies has a 1 year low of $5.56 and a 1 year high of $34.30. The company has a market capitalization of $138.41 million, a PE ratio of 16.94 and a beta of 2.46.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly 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). Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.The firm had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. During the same period last year, the company posted $0.07 earnings per share. On average, equities analysts expect that Byrna Technologies will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Byrna Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after acquiring an additional 468 shares during the period. Tidal Investments LLC raised its position in Byrna Technologies by 4.9% during the second quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after acquiring an additional 576 shares during the period. SBI Securities Co. Ltd. raised its position in Byrna Technologies by 138.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after acquiring an additional 672 shares during the period. JPMorgan Chase & Co. raised its position in Byrna Technologies by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock worth $281,000 after acquiring an additional 822 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after acquiring an additional 1,047 shares during the period. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.