Byrna Technologies Inc. (NASDAQ:BYRN) Receives $39.50 Average Price Target from Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.50.

BYRN has been the topic of a number of recent analyst reports. Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. LADENBURG THALM/SH SH upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Roth Capital set a $40.00 price objective on shares of Byrna Technologies and gave the company a “buy” rating in a report on Friday, October 10th.

Institutional Trading of Byrna Technologies

A number of large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Byrna Technologies by 15.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 77,801 shares of the company’s stock worth $1,306,000 after acquiring an additional 10,540 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of Byrna Technologies by 196.2% during the fourth quarter. Byrne Asset Management LLC now owns 6,300 shares of the company’s stock worth $106,000 after purchasing an additional 4,173 shares during the period. SG Americas Securities LLC raised its position in shares of Byrna Technologies by 33.6% during the fourth quarter. SG Americas Securities LLC now owns 9,616 shares of the company’s stock worth $161,000 after purchasing an additional 2,419 shares during the period. Cantor Fitzgerald L. P. bought a new position in shares of Byrna Technologies during the 3rd quarter valued at about $304,000. Finally, PharVision Advisers LLC acquired a new position in shares of Byrna Technologies in the 3rd quarter valued at approximately $419,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Down 3.7%

NASDAQ:BYRN opened at $16.85 on Friday. Byrna Technologies has a 12-month low of $13.68 and a 12-month high of $34.78. The stock’s fifty day simple moving average is $17.63 and its 200-day simple moving average is $20.49. The firm has a market capitalization of $383.00 million, a P/E ratio of 25.15 and a beta of 2.30.

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 CO₂-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.