Analysts Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $12.13

Byrna Technologies Inc. (NASDAQ:BYRN) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.1250.

Several research firms have recently weighed in on BYRN. Roth Mkm reduced their target price on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, April 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. New Street Research set a $7.50 target price on shares of Byrna Technologies in a research note on Friday, April 10th. Finally, Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th.

Hedge Funds Weigh In On Byrna Technologies

Large investors have recently modified their holdings of the company. GatePass Capital LLC bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $1,309,000. AIGH Capital Management LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $6,630,000. Pinnacle Associates Ltd. bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $1,937,000. Militia Capital Partners LP bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $2,083,000. Finally, UBS Group AG boosted its position in shares of Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after acquiring an additional 137,260 shares during the period. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Stock Up 3.2%

BYRN opened at $5.54 on Friday. The company has a market capitalization of $125.70 million, a price-to-earnings ratio of 15.39 and a beta of 1.81. The firm has a 50-day moving average price of $7.15 and a 200-day moving average price of $12.89. Byrna Technologies has a twelve month low of $4.84 and a twelve month high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $29.05 million during the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.During the same quarter in the previous year, the business earned $0.07 EPS. On average, sell-side analysts expect that Byrna Technologies will post 0.03 earnings per share for the current fiscal year.

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.