Byrna Technologies (NASDAQ:BYRN) Chairman Tj Kennedy Purchases 29,000 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Tj Kennedy bought 29,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average price of $3.53 per share, with a total value of $102,370.00. Following the completion of the acquisition, the chairman owned 29,000 shares in the company, valued at $102,370. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Byrna Technologies Stock Down 3.9%

NASDAQ BYRN opened at $3.97 on Wednesday. Byrna Technologies Inc. has a 52 week low of $3.16 and a 52 week high of $30.62. The business’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $8.74. The firm has a market cap of $90.08 million, a PE ratio of -22.06 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.32 million. Research analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. B. Riley Financial dropped their price target 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 cut Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, July 10th. Zacks Research cut Byrna Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, New Street Research set a $7.50 price target on Byrna Technologies in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Institutional Investors Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Byrna Technologies by 4.8% in the first 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 in the last quarter. Tidal Investments LLC lifted its holdings in Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after buying an additional 576 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Byrna Technologies by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock worth $281,000 after buying an additional 822 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares during the period. Finally, Geode Capital Management LLC boosted its position in Byrna Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after buying an additional 1,126 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Company Profile

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.