Byrna Technologies (NASDAQ:BYRN) Posts Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings results on Thursday. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34), FiscalAI reports. The firm had revenue of $16.39 million for the quarter, compared to the consensus estimate of $22.32 million. Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.

Byrna Technologies Price Performance

Shares of Byrna Technologies stock opened at $5.94 on Thursday. The company’s 50 day moving average price is $5.87 and its two-hundred day moving average price is $10.07. The firm has a market capitalization of $134.78 million, a P/E ratio of 16.50 and a beta of 1.80. Byrna Technologies has a fifty-two week low of $4.84 and a fifty-two week high of $33.49.

Analysts Set New Price Targets

Several brokerages have commented on BYRN. B. Riley Financial lowered their price objective on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, April 10th. New Street Research set a $7.50 target price on Byrna Technologies in a report on Friday, April 10th. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Friday, April 10th. Finally, Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $12.12.

Institutional Investors Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Byrna Technologies by 5.8% during the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after purchasing an additional 54,555 shares in the last quarter. Millennium Management LLC boosted its position in Byrna Technologies by 32.7% during the 4th quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock worth $14,998,000 after buying an additional 220,130 shares during the period. Geode Capital Management LLC grew its holdings in Byrna Technologies by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock worth $7,403,000 after acquiring an additional 1,126 shares during the last quarter. Invesco Ltd. bought a new stake in Byrna Technologies during the 2nd quarter worth approximately $13,079,000. Finally, ArrowMark Colorado Holdings LLC increased its position in Byrna Technologies by 44.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 400,420 shares of the company’s stock valued at $6,723,000 after acquiring an additional 122,409 shares during the period. 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 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.