LADENBURG THALM/SH SH Boosts Byrna Technologies (NASDAQ:BYRN) Price Target to $16.25

Byrna Technologies (NASDAQ:BYRN) had its price objective upped by LADENBURG THALM/SH SH from $12.75 to $16.25 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. B. Riley reissued a buy rating and set a $17.00 price target (up from $14.00) on shares of Byrna Technologies in a research report on Monday. TheStreet raised Byrna Technologies from a d+ rating to a c- rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $13.50.

Byrna Technologies Price Performance

NASDAQ BYRN opened at $14.86 on Tuesday. The business’s 50-day simple moving average is $12.10 and its 200-day simple moving average is $7.56. The firm has a market capitalization of $337.92 million, a P/E ratio of -53.07 and a beta of 1.69. Byrna Technologies has a 1-year low of $2.19 and a 1-year high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $15.64 million for the quarter, compared to analyst estimates of $15.59 million. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. On average, equities research analysts expect that Byrna Technologies will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, insider Herbert Hughes sold 5,229 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the transaction, the insider now directly owns 137,416 shares of the company’s stock, valued at approximately $1,653,114.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently made changes to their positions in BYRN. Raymond James & Associates increased its holdings in shares of Byrna Technologies by 17.9% in the 1st quarter. Raymond James & Associates now owns 29,681 shares of the company’s stock valued at $242,000 after acquiring an additional 4,508 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Byrna Technologies by 34.4% in the 1st quarter. Rhumbline Advisers now owns 16,877 shares of the company’s stock valued at $138,000 after acquiring an additional 4,320 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Byrna Technologies by 12.2% in the 1st quarter. Vanguard Group Inc. now owns 832,684 shares of the company’s stock valued at $6,802,000 after acquiring an additional 90,375 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Byrna Technologies in the 1st quarter valued at approximately $2,310,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Byrna Technologies by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 123,221 shares of the company’s stock valued at $1,007,000 after acquiring an additional 3,885 shares during the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.