Key Points
- Director Adam Roth purchased 5,000 Byrna Technologies shares at $4.53 each, investing $22,650 and more than doubling his direct ownership to 9,379 shares.
- Byrna’s stock recently traded at $4.84, while the company reported a quarterly loss of $0.13 per share—better than estimates—but revenue of $15.3 million fell short of expectations.
- Analyst sentiment is moderately positive, with an average rating of “Moderate Buy” and a $6.62 price target, although some firms have downgraded the stock or maintained “hold” ratings.
Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) Director Adam Roth bought 5,000 shares of the business's stock in a transaction on Wednesday, October 14th. The stock was bought at an average price of $4.53 per share, for a total transaction of $22,650.00. Following the purchase, the director directly owned 9,379 shares of the company's stock, valued at $42,486.87. The trade was a 114.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Byrna Technologies Price Performance
Byrna Technologies stock traded up $0.06 during trading hours on Friday, reaching $4.84. The stock had a trading volume of 1,648,688 shares, compared to its average volume of 611,436. The company has a market cap of $113.30 million, a price-to-earnings ratio of -12.10 and a beta of 1.70. The business's 50 day moving average price is $3.85 and its 200-day moving average price is $5.09. Byrna Technologies Inc. has a 52 week low of $3.16 and a 52 week high of $22.47.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. Byrna Technologies had a negative net margin of 9.20% and a negative return on equity of 14.46%. The business had revenue of $15.30 million for the quarter, compared to analysts' expectations of $16.27 million. On average, sell-side analysts forecast that Byrna Technologies Inc. will post -0.65 EPS for the current fiscal year.
Institutional Investors Weigh In On Byrna Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its holdings in Byrna Technologies by 9.0% in the second quarter. Squarepoint Ops LLC now owns 51,696 shares of the company's stock worth $347,000 after acquiring an additional 4,254 shares in the last quarter. Maverick Capital Ltd. grew its stake in shares of Byrna Technologies by 57.3% during the first quarter. Maverick Capital Ltd. now owns 18,430 shares of the company's stock worth $169,000 after acquiring an additional 6,715 shares during the last quarter. Byrne Asset Management LLC grew its stake in shares of Byrna Technologies by 107.0% during the third quarter. Byrne Asset Management LLC now owns 22,600 shares of the company's stock worth $79,000 after acquiring an additional 11,680 shares during the last quarter. Demars Financial Group LLC purchased a new stake in shares of Byrna Technologies during the first quarter worth about $112,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Byrna Technologies during the first quarter valued at about $115,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BYRN has been the subject of a number of analyst reports. Wall Street Zen raised shares of Byrna Technologies from a "strong sell" rating to a "sell" rating in a research report on Saturday, October 10th. B. Riley Financial lowered their target price on shares of Byrna Technologies from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Monday. Roth Capital lowered shares of Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 price target on the stock. in a report on Friday, July 10th. Zacks Research raised shares of Byrna Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, Craig Hallum reaffirmed a "hold" rating and set a $3.50 price target on shares of Byrna Technologies in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $6.62.
View Our Latest Research Report on Byrna Technologies
Byrna Technologies Company Profile
(
Get Free Report)
Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company's product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.
Byrna's products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
