Byrna Technologies Inc. (NASDAQ:BYRN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.75.

A number of analysts have weighed in on BYRN shares. Roth Mkm began coverage on Byrna Technologies in a research note on Wednesday, August 28th. They issued a “buy” rating and a $14.00 target price on the stock. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th.

Insider Buying and Selling

In other Byrna Technologies news, insider Lisa Wager sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total transaction 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. The transaction was disclosed in a legal filing 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 on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the sale, the insider now owns 229,555 shares of the company’s stock, valued at approximately $3,098,992.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Herbert Hughes sold 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.08, for a total value of $98,020.00. Following the completion of the transaction, the chairman now directly owns 122,089 shares of the company’s stock, valued at $1,841,102.12. The disclosure for this sale can be found here. Insiders sold a total of 51,938 shares of company stock valued at $774,837 over the last three months. 8.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealthspire Advisors LLC grew its holdings in Byrna Technologies by 1.8% in the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Byrna Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after acquiring an additional 14,755 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in Byrna Technologies during the 1st quarter worth approximately $146,000. Bank of New York Mellon Corp increased its position in shares of Byrna Technologies by 68.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after acquiring an additional 59,738 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of Byrna Technologies in the second quarter valued at about $205,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Trading Down 7.2 %

BYRN stock opened at $16.73 on Friday. The stock has a market cap of $381.06 million, a PE ratio of -119.50 and a beta of 1.67. Byrna Technologies has a 12 month low of $2.19 and a 12 month high of $19.13. The company has a 50-day moving average price of $12.10 and a 200 day moving average price of $12.08.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating 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 forecast that Byrna Technologies will post 0.1 EPS 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.