Byrna Technologies (NASDAQ:BYRN) PT Raised to $20.00 at Roth Mkm

Byrna Technologies (NASDAQ:BYRN) had its price objective raised by Roth Mkm from $17.00 to $20.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 25.00% from the company’s current price.

Separately, Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Stock Performance

BYRN stock traded up $0.75 during mid-day trading on Friday, hitting $16.00. 187,551 shares of the company were exchanged, compared to its average volume of 304,580. The firm has a market cap of $360.16 million, a P/E ratio of 177.80 and a beta of 1.69. The firm’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $12.41. Byrna Technologies has a 1-year low of $3.86 and a 1-year high of $19.42.

Insider Activity at Byrna Technologies

In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of Byrna Technologies stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.40, for a total value of $268,606.80. Following the transaction, the chief executive officer now directly owns 460,617 shares of the company’s stock, valued at $7,093,501.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Byrna Technologies news, insider Lisa Wager sold 20,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total value of $270,000.00. Following the transaction, the insider now owns 229,555 shares of the company’s stock, valued at approximately $3,098,992.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bryan Ganz sold 17,442 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.40, for a total value of $268,606.80. Following the completion of the transaction, the chief executive officer now directly owns 460,617 shares in the company, valued at $7,093,501.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,416 shares of company stock valued at $820,581. Corporate insiders own 8.44% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors and hedge funds have recently modified their holdings of BYRN. nVerses Capital LLC purchased a new position in Byrna Technologies during the 3rd quarter worth $34,000. Dimensional Fund Advisors LP boosted its position in shares of Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after buying an additional 2,976 shares during the period. Wealthspire Advisors LLC raised its stake in shares of Byrna Technologies by 1.8% in the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after acquiring an additional 10,000 shares in the last quarter. Hamilton Wealth LLC acquired a new stake in Byrna Technologies in the first quarter valued at $146,000. Finally, Algert Global LLC acquired a new stake in shares of Byrna Technologies during the second quarter worth about $131,000. 25.46% of the stock is owned by institutional investors.

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.