Byrna Technologies Inc. (NASDAQ:BYRN) Given Average Recommendation of “Buy” by Brokerages

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned a consensus rating of “Buy” from the four analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.75.

Several research analysts have recently commented on BYRN shares. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Roth Mkm began coverage on Byrna Technologies in a research note on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price objective on the stock.

Insider Activity

In other Byrna Technologies news, insider Lisa Wager sold 2,450 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total value of $41,674.50. Following the sale, the insider now directly owns 224,555 shares in the company, valued at $3,819,680.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 460,617 shares in the company, valued at $7,093,501.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Wager sold 2,450 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $17.01, for a total value of $41,674.50. Following the completion of the sale, the insider now owns 224,555 shares in the company, valued at $3,819,680.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,416 shares of company stock worth $820,581. Corporate insiders own 8.44% of the company’s stock.

Institutional Trading of Byrna Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BYRN. Divisadero Street Capital Management LP acquired a new stake in shares of Byrna Technologies during the second quarter worth about $2,693,000. Millennium Management LLC increased its position in shares of Byrna Technologies by 53.5% during the second quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after purchasing an additional 112,262 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Byrna Technologies during the second quarter worth about $786,000. Bank of New York Mellon Corp increased its position in shares of Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after purchasing an additional 59,738 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Byrna Technologies during the second quarter worth about $466,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Up 5.4 %

BYRN opened at $17.63 on Friday. Byrna Technologies has a 52 week low of $2.19 and a 52 week high of $19.13. The business has a fifty day simple moving average of $12.26 and a 200-day simple moving average of $12.13. The firm has a market cap of $401.61 million, a P/E ratio of -125.93 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The business had revenue of $20.27 million during the quarter, compared to analyst estimates of $20.29 million. Sell-side analysts expect that Byrna Technologies will post 0.1 earnings per share for the current year.

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.