Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) CEO Conn Davis acquired 3,340 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average cost of $3.51 per share, for a total transaction of $11,723.40. Following the transaction, the chief executive officer owned 22,198 shares of the company's stock, valued at $77,914.98. This represents a 17.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Byrna Technologies Price Performance
BYRN opened at $3.97 on Wednesday. The business's 50-day moving average is $5.39 and its two-hundred day moving average is $8.74. Byrna Technologies Inc. has a 1 year low of $3.16 and a 1 year high of $30.62. The firm has a market capitalization of $90.08 million, a PE ratio of -22.06 and a beta of 1.80.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The firm had revenue of $16.39 million for the quarter, compared to analysts' expectations of $22.32 million. As a group, sell-side analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current year.
Analyst Ratings Changes
Several brokerages have weighed in on BYRN. B. Riley Financial lowered their target price on shares of Byrna Technologies from $21.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Byrna Technologies from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. Zacks Research lowered Byrna Technologies from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. New Street Research set a $7.50 price objective on Byrna Technologies in a research report on Friday, April 10th. Finally, Roth Capital downgraded Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 target price on the stock. in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.88.
Check Out Our Latest Research Report on Byrna Technologies
Hedge Funds Weigh In On Byrna Technologies
A number of institutional investors have recently bought and sold shares of BYRN. Emerald Mutual Fund Advisers Trust lifted its stake in Byrna Technologies by 184.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company's stock valued at $2,939,000 after acquiring an additional 207,781 shares during the period. AIGH Capital Management LLC acquired a new stake in shares of Byrna Technologies in the fourth quarter worth $6,630,000. UBS Group AG lifted its position in Byrna Technologies by 35.8% during the fourth quarter. UBS Group AG now owns 520,616 shares of the company's stock valued at $8,741,000 after purchasing an additional 137,260 shares during the period. Penn Capital Management Company LLC purchased a new stake in Byrna Technologies in the fourth quarter valued at $2,785,000. Finally, Emerald Advisers LLC grew its position in Byrna Technologies by 165.7% during the 1st quarter. Emerald Advisers LLC now owns 432,626 shares of the company's stock worth $3,972,000 after purchasing an additional 269,817 shares during the period. 25.46% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Byrna Technologies
Here are the key news stories impacting Byrna Technologies this week:
- Positive Sentiment: Company insiders made substantial open-market purchases. CEO Conn Davis bought 22,108 shares for approximately $76,661, Chairman Tj Kennedy purchased 29,000 shares worth about $102,370, CFO Laurilee Kearnes bought 2,000 shares, and Director Chris Lavern Reed acquired 8,150 shares. Collectively, insiders purchased roughly 61,258 shares for more than $215,000, suggesting that several executives and directors view the depressed valuation as attractive. Insider buying report
- Positive Sentiment: Institutional ownership activity was generally constructive in the first quarter. Millennium Management increased its position by nearly 248%, while Royal Bank of Canada and Mirae Asset also added shares; institutions and hedge funds collectively own about 25.5% of BYRN. Institutional ownership report
- Neutral Sentiment: Despite recent downgrades, the analyst consensus remains “Moderate Buy,” with a consensus price target of $7.88—well above the current trading range. However, targets vary widely, reflecting considerable uncertainty about Byrna’s outlook. Analyst ratings report
- Negative Sentiment: Byrna’s latest quarterly results missed expectations by a wide margin. The company reported a loss of $0.44 per share versus the expected $0.10 loss, while revenue of $16.39 million fell short of the $22.32 million consensus estimate. Analysts expect another full-year loss, with projected EPS of negative $0.63. Byrna earnings and outlook report
- Negative Sentiment: Several analysts recently reduced their ratings or price targets, including Roth Capital, Craig Hallum, Wall Street Zen and Zacks Research. B. Riley also cut its target from $21 to $12, while Roth moved to “Neutral” with a $4.50 target, reinforcing concerns about slowing growth and ongoing losses. Analyst downgrade report
Byrna Technologies Company Profile
(
Get Free Report)
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.
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