Byrna Technologies Inc. (NASDAQ:BYRN) Receives $12.12 Average Price Target from Brokerages

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $7.8750.

BYRN has been the topic of a number of analyst reports. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. New Street Research set a $7.50 target price on shares of Byrna Technologies in a report on Friday, April 10th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday. B. Riley Financial reduced 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 report on Thursday. Finally, Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a research note on Friday.

Byrna Technologies Price Performance

Shares of BYRN stock traded down $0.07 during trading hours on Friday, reaching $3.87. The company had a trading volume of 2,142,846 shares, compared to its average volume of 828,531. Byrna Technologies has a 12 month low of $3.81 and a 12 month high of $30.62. The business has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $9.94. The company has a market cap of $87.81 million, a price-to-earnings ratio of -21.50 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The company had revenue of $16.39 million for the quarter, compared to the consensus estimate of $22.32 million. Byrna Technologies had a negative return on equity of 5.66% and a negative net margin of 3.39%. On average, equities research analysts expect that Byrna Technologies will post 0.03 earnings per share for the current year.

Byrna Technologies News Summary

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Byrna said it has a solid cash position and no debt, and management expects cash to improve through inventory reduction and holiday-season sales. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Positive Sentiment: The company outlined a longer-term margin recovery target, saying it expects to exit fiscal 2026 with gross margins near 62% as it works to close the HERO Defense Systems acquisition. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal
• Neutral Sentiment: Roth Capital downgraded Byrna to neutral from buy and lowered its price target to $4.50, reflecting a more cautious near-term view while still implying modest upside. Roth Capital downgrade on Byrna Technologies
• Negative Sentiment: Q2 results missed expectations badly, with EPS of -$0.44 versus the -$0.10 estimate and revenue of $16.39 million versus $22.32 million expected. Byrna Technologies earnings report
• Negative Sentiment: Investors are also focused on management’s commentary that sales are being hurt by weak demand, ineffective marketing, lower website conversion, and a broad slowdown in revenue growth. Byrna Technologies: Selling The Solution Is The Real Challenge

Hedge Funds Weigh In On Byrna Technologies

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Byrna Technologies by 21.3% during the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after acquiring an additional 4,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares during the period. Millennium Management LLC increased its position in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after purchasing an additional 232,770 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Byrna Technologies during the 1st quarter valued at $173,000. Finally, Strs Ohio bought a new stake in shares of Byrna Technologies during the 1st quarter worth $113,000. 25.46% of the stock is owned by institutional investors.

About Byrna Technologies

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 CO?-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.