Key Points
- Director Leonard Elmore bought 10,000 Byrna Technologies shares at an average price of $4.64, investing $46,400 and increasing his direct stake by 19.68% to 60,811 shares.
- Byrna’s latest quarterly results fell short of expectations, with a loss of $0.44 per share versus a projected loss of $0.10 and revenue of $16.39 million versus $22.32 million expected.
- Analyst sentiment is mixed, though the stock retains a “Moderate Buy” consensus rating and a $7.88 average price target; shares recently opened at $4.85 and have traded between $3.16 and $30.62 over the past year.
Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) Director Leonard Elmore bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $4.64 per share, with a total value of $46,400.00. Following the completion of the purchase, the director directly owned 60,811 shares of the company's stock, valued at $282,163.04. This represents a 19.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Byrna Technologies Stock Up 9.0%
BYRN opened at $4.85 on Tuesday. The company has a market capitalization of $110.05 million, a PE ratio of -26.94 and a beta of 1.83. The firm has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $7.95. Byrna Technologies Inc. has a 52 week low of $3.16 and a 52 week high of $30.62.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The firm had revenue of $16.39 million during 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 earnings per share for the current year.
Analyst Ratings Changes
BYRN has been the topic of several research reports. Roth Capital cut shares of Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 price target on the stock. in a research report on Friday, July 10th. Zacks Research lowered shares of Byrna Technologies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 14th. B. Riley Financial dropped their price objective 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. Finally, Wall Street Zen downgraded shares of Byrna Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.88.
Read Our Latest Research Report on Byrna Technologies
Institutional Trading of Byrna Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company's stock worth $49,000 after buying an additional 1,047 shares during the period. Comerica Bank bought a new position in Byrna Technologies during the fourth quarter valued at $40,000. NBC Securities Inc. raised its stake in shares of Byrna Technologies by 226.4% in the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company's stock valued at $44,000 after acquiring an additional 1,811 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Byrna Technologies by 178.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company's stock valued at $94,000 after acquiring an additional 1,960 shares during the period. Finally, Quarry LP bought a new stake in shares of Byrna Technologies in the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 25.46% of the company's stock.
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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