Roth Capital Expects Weaker Earnings for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN) – Roth Capital reduced their Q1 2025 earnings estimates for shares of Byrna Technologies in a research report issued to clients and investors on Friday, October 18th. Roth Capital analyst M. Koranda now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior estimate of $0.01. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Byrna Technologies’ Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.24 EPS.

Separately, Roth Mkm raised their target price on Byrna Technologies from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $17.75.

Byrna Technologies Trading Up 8.9 %

Shares of BYRN opened at $16.61 on Monday. The firm’s fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $12.41. Byrna Technologies has a 12 month low of $3.86 and a 12 month high of $19.42. The stock has a market capitalization of $378.33 million, a P/E ratio of -118.64 and a beta of 1.69.

Insider Activity

In related news, CEO Bryan Ganz sold 17,442 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80. Following the transaction, the chief executive officer now directly owns 460,617 shares of the company’s stock, valued at approximately $7,093,501.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the sale, the chief executive officer now owns 460,617 shares in the company, valued at approximately $7,093,501.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa Wager sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the transaction, the insider now owns 229,555 shares in the company, valued at approximately $3,098,992.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,416 shares of company stock worth $820,581 in the last three months. Company insiders own 8.44% of the company’s stock.

Institutional Trading of Byrna Technologies

Several institutional investors and hedge funds have recently modified their holdings of BYRN. Divisadero Street Capital Management LP bought a new stake in Byrna Technologies during the second quarter worth $2,693,000. Millennium Management LLC boosted its holdings in Byrna Technologies by 53.5% during the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after acquiring an additional 112,262 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Byrna Technologies in the 2nd quarter worth $786,000. Bank of New York Mellon Corp raised its holdings in shares of Byrna Technologies by 68.8% in the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after purchasing an additional 59,738 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Byrna Technologies during the second quarter valued at about $466,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.