Byrna Technologies (NASDAQ:BYRN) Receives “Buy” Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Byrna Technologies (NASDAQ:BYRN) in a research report released on Thursday morning,Benzinga reports. Roth Mkm currently has a $33.00 target price on the stock.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $19.03 on Thursday. The firm has a market cap of $430.97 million, a price-to-earnings ratio of 35.24 and a beta of 1.64. The firm has a fifty day moving average price of $26.94 and a 200 day moving average price of $22.04. Byrna Technologies has a fifty-two week low of $7.79 and a fifty-two week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, research analysts predict that Byrna Technologies will post 0.28 earnings per share for the current year.

Insider Activity

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the sale, the insider now directly owns 212,055 shares of the company’s stock, valued at $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luan Pham sold 33,483 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares of the company’s stock, valued at $578,078.12. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in Byrna Technologies during the third quarter valued at $46,000. Charles Schwab Investment Management Inc. grew its holdings in Byrna Technologies by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after purchasing an additional 2,021 shares during the last quarter. FMR LLC raised its position in Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. MetLife Investment Management LLC lifted its stake in Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares during the last quarter. Finally, Walleye Capital LLC boosted its position in shares of Byrna Technologies by 1.3% during the third quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock valued at $889,000 after buying an additional 665 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.