Emerald Advisers LLC Boosts Stake in Byrna Technologies Inc. $BYRN

Emerald Advisers LLC increased its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 165.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 432,626 shares of the company’s stock after acquiring an additional 269,817 shares during the period. Emerald Advisers LLC’s holdings in Byrna Technologies were worth $3,972,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BYRN. Comerica Bank purchased a new position in Byrna Technologies during the fourth quarter worth approximately $40,000. NBC Securities Inc. raised its stake in shares of Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after buying an additional 1,811 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Byrna Technologies by 89.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after buying an additional 1,047 shares during the period. Quarry LP purchased a new position in shares of Byrna Technologies during the 3rd quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Byrna Technologies by 178.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after buying an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BYRN. Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, July 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a report on Friday, April 10th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday. Finally, B. Riley Financial reduced their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $3.54 on Wednesday. Byrna Technologies Inc. has a 1 year low of $3.51 and a 1 year high of $30.62. The firm has a market capitalization of $80.32 million, a PE ratio of -19.67 and a beta of 1.80. The business’s 50 day moving average price is $5.72 and its 200-day moving average price is $9.69.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The firm had revenue of $16.39 million during the quarter, compared to analyst estimates of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. As a group, analysts expect that Byrna Technologies Inc. will post 0.03 earnings per share for the current year.

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.