B. Riley Research Analysts Lift Earnings Estimates for BYRN

Byrna Technologies Inc. (NASDAQ:BYRN) – B. Riley increased their Q4 2024 earnings per share estimates for shares of Byrna Technologies in a note issued to investors on Tuesday, December 10th. B. Riley analyst J. Van. Sinderen now anticipates that the company will earn $0.02 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.19 per share.

Other equities research analysts also recently issued reports about the company. Roth Mkm reiterated a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Byrna Technologies presently has an average rating of “Buy” and an average target price of $17.75.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $24.67 on Friday. The firm has a market capitalization of $561.44 million, a PE ratio of 274.11 and a beta of 1.80. Byrna Technologies has a 12 month low of $5.36 and a 12 month high of $25.77. The business has a 50-day moving average of $17.74 and a two-hundred day moving average of $13.89.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million.

Insider Activity

In other news, insider Lisa Wager sold 2,450 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total value of $41,674.50. Following the transaction, the insider now owns 224,555 shares in the company, valued at $3,819,680.55. This represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Bryan Ganz sold 5,495 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $17.41, for a total transaction of $95,667.95. Following the completion of the sale, the chief executive officer now owns 432,564 shares of the company’s stock, valued at approximately $7,530,939.24. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,424 shares of company stock valued at $183,104 over the last three months. Insiders own 11.08% of the company’s stock.

Institutional Trading of Byrna Technologies

Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the period. State Street Corp grew its holdings in Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after acquiring an additional 84,723 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Byrna Technologies during the third quarter valued at $286,000. Verition Fund Management LLC lifted its holdings in Byrna Technologies by 113.9% in the third quarter. Verition Fund Management LLC now owns 34,018 shares of the company’s stock valued at $577,000 after buying an additional 18,118 shares during the period. Finally, Walleye Capital LLC boosted its holdings in Byrna Technologies by 1.3% during the third quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock worth $889,000 after buying an additional 665 shares during the last quarter. 25.46% of the stock is owned by institutional investors.

About Byrna Technologies

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.