UBS Group AG Increases Stake in Byrna Technologies Inc. $BYRN

UBS Group AG lifted its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 35.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 520,616 shares of the company’s stock after purchasing an additional 137,260 shares during the quarter. UBS Group AG owned about 2.29% of Byrna Technologies worth $8,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BYRN. SBI Securities Co. Ltd. raised its position in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after purchasing an additional 672 shares during the last quarter. AlphaQuest LLC raised its position in shares of Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock valued at $41,000 after purchasing an additional 1,771 shares during the last quarter. NBC Securities Inc. raised its position in shares of Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,811 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Byrna Technologies in the 3rd quarter valued at approximately $70,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BYRN. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Roth Mkm reduced their price target on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, April 10th. Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a research report on Friday, April 10th. Wall Street Zen lowered shares of Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, B. Riley Financial reduced their price target 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. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Byrna Technologies currently has a consensus rating of “Buy” and an average target price of $12.13.

Byrna Technologies Price Performance

NASDAQ:BYRN opened at $4.96 on Monday. The firm has a market cap of $112.52 million, a price-to-earnings ratio of 13.78 and a beta of 1.81. The company has a 50 day moving average price of $7.75 and a 200-day moving average price of $13.37. Byrna Technologies Inc. has a 1-year low of $4.84 and a 1-year high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same period last year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.03 earnings per share for the current fiscal year.

Byrna Technologies 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.