Byrna Technologies (NASDAQ:BYRN) Director Adam Roth Purchases 5,000 Shares of Company Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth acquired 5,000 shares of Byrna Technologies stock in a transaction on Wednesday, October 14th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $22,650.00. Following the completion of the acquisition, the director directly owned 9,379 shares in the company, valued at $42,486.87. This trade represents a 114.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byrna Technologies Stock Performance

NASDAQ BYRN traded up $0.06 on Friday, reaching $4.84. 1,648,688 shares of the stock traded hands, compared to its average volume of 611,436. Byrna Technologies Inc. has a 12 month low of $3.16 and a 12 month high of $22.47. The company has a market cap of $113.30 million, a price-to-earnings ratio of -12.10 and a beta of 1.70. The company has a fifty day moving average price of $3.85 and a 200-day moving average price of $5.09.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. The business had revenue of $15.30 million for the quarter, compared to the consensus estimate of $16.27 million. As a group, research analysts anticipate that Byrna Technologies Inc. will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on BYRN shares. Wall Street Zen upgraded Byrna Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. B. Riley Financial dropped their target price on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a report on Friday, July 10th. Zacks Research raised shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Craig Hallum reissued a “hold” rating and set a $3.50 target price on shares of Byrna Technologies in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Byrna Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.62.

Institutional Trading of Byrna Technologies

Hedge funds have recently bought and sold shares of the stock. Emerald Advisers LLC lifted its holdings in Byrna Technologies by 165.7% during the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock worth $3,972,000 after buying an additional 269,817 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Byrna Technologies by 496.5% in the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after acquiring an additional 318,227 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Byrna Technologies by 184.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after acquiring an additional 207,781 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Byrna Technologies by 9.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock valued at $2,659,000 after acquiring an additional 25,188 shares during the period. Finally, Connective Capital Management LLC bought a new position in shares of Byrna Technologies in the 4th quarter worth $650,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.