Insider Buying: Byrna Technologies (NASDAQ:BYRN) Chairman Purchases $102,370.00 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Tj Kennedy acquired 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were bought at an average price of $3.53 per share, with a total value of $102,370.00. Following the acquisition, the chairman directly owned 29,000 shares of the company’s stock, valued at $102,370. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Byrna Technologies Stock Up 5.3%

Byrna Technologies stock opened at $4.56 on Friday. The firm has a 50 day moving average price of $5.35 and a 200-day moving average price of $8.56. Byrna Technologies Inc. has a twelve month low of $3.16 and a twelve month high of $30.62. The company has a market capitalization of $103.47 million, a P/E ratio of -25.33 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The company had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. Equities analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. B. Riley Financial lowered their price objective on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a research report on Friday, April 10th. Finally, New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.88.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust increased its position in shares of Byrna Technologies by 184.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after buying an additional 207,781 shares during the period. AIGH Capital Management LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $6,630,000. UBS Group AG boosted its position in shares of Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after acquiring an additional 137,260 shares during the period. Penn Capital Management Company LLC purchased a new position in Byrna Technologies during the fourth quarter valued at approximately $2,785,000. Finally, Emerald Advisers LLC grew its stake in Byrna Technologies by 165.7% during the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock valued at $3,972,000 after acquiring an additional 269,817 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

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.