Byrna Technologies (NASDAQ:BYRN) Director Leonard Elmore Acquires 10,000 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Leonard Elmore acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $4.64 per share, with a total value of $46,400.00. Following the acquisition, the director owned 60,811 shares of the company’s stock, valued at approximately $282,163.04. This represents a 19.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byrna Technologies Stock Performance

NASDAQ BYRN opened at $4.45 on Monday. The company has a market cap of $100.97 million, a P/E ratio of -24.72 and a beta of 1.83. The company has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $8.03. Byrna Technologies Inc. has a 12-month low of $3.16 and a 12-month high of $30.62.

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

Analyst Ratings Changes

BYRN has been the topic of a number of recent research reports. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, July 10th. Zacks Research cut Byrna Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, B. Riley Financial cut their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors have recently modified their holdings of the business. State Street Corp increased its position in shares of Byrna Technologies by 5.8% during the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after acquiring an additional 54,555 shares during the last quarter. Millennium Management LLC grew its stake in Byrna Technologies by 32.7% in the 4th quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after purchasing an additional 220,130 shares during the period. UBS Group AG increased its position in shares of Byrna Technologies by 35.8% during the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Byrna Technologies by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock worth $7,403,000 after purchasing an additional 1,126 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Byrna Technologies by 401.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after buying an additional 350,861 shares during the last quarter. 25.46% of the stock is owned by institutional investors.

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.