Analysts Set Byrna Technologies Inc. (NASDAQ:BYRN) Price Target at $29.67

Byrna Technologies Inc. (NASDAQ:BYRN) has received an average rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $29.6667.

A number of research firms have recently commented on BYRN. Craig Hallum reiterated a “buy” rating and set a $18.00 price target on shares of Byrna Technologies in a report on Tuesday, March 10th. Zacks Research lowered shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. B. Riley Financial lowered their price objective on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Texas Capital raised Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th.

Byrna Technologies Price Performance

BYRN opened at $9.04 on Friday. The stock has a 50-day moving average price of $11.88 and a 200-day moving average price of $16.66. The firm has a market cap of $205.12 million, a PE ratio of 22.60 and a beta of 2.46. Byrna Technologies has a 1 year low of $8.75 and a 1 year high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $35.25 million for the quarter, compared to the consensus estimate of $34.92 million. Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. As a group, sell-side analysts anticipate that Byrna Technologies will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds have recently bought and sold shares of BYRN. GatePass Capital LLC purchased a new stake in shares of Byrna Technologies during the 3rd quarter valued at about $1,309,000. Osaic Holdings Inc. raised its holdings in shares of Byrna Technologies by 188.4% during the second quarter. Osaic Holdings Inc. now owns 103,191 shares of the company’s stock valued at $3,186,000 after purchasing an additional 67,406 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Byrna Technologies by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 436,322 shares of the company’s stock valued at $13,474,000 after purchasing an additional 93,626 shares during the period. Advisors Asset Management Inc. lifted its position in Byrna Technologies by 39.4% during the second quarter. Advisors Asset Management Inc. now owns 73,166 shares of the company’s stock valued at $2,259,000 after purchasing an additional 20,667 shares during the period. Finally, Maverick Capital Ltd. purchased a new stake in Byrna Technologies in the second quarter worth approximately $3,452,000. 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 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.