Byrna Technologies (NASDAQ:BYRN) Given “Buy” Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of Byrna Technologies (NASDAQ:BYRN) in a research note released on Thursday,Benzinga reports. The brokerage currently has a $33.00 price target on the stock.

Byrna Technologies Stock Down 4.3 %

BYRN stock opened at $18.21 on Thursday. The company’s 50-day simple moving average is $26.77 and its 200-day simple moving average is $22.16. Byrna Technologies has a 52-week low of $7.79 and a 52-week high of $34.78. The firm has a market cap of $412.40 million, a P/E ratio of 33.72 and a beta of 1.64.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. On average, analysts anticipate that Byrna Technologies will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Byrna Technologies

In related news, insider Luan Pham sold 33,483 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the sale, the insider now owns 19,148 shares in the company, valued at approximately $578,078.12. The trade was a 63.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Wager sold 12,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the sale, the insider now owns 212,055 shares in the company, valued at $6,230,175.90. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors purchased a new position in shares of Byrna Technologies in the 4th quarter valued at about $47,203,000. FMR LLC increased its holdings in shares of Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after acquiring an additional 548,670 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Byrna Technologies in the 4th quarter valued at about $9,304,000. Invesco Ltd. increased its holdings in shares of Byrna Technologies by 72.4% in the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock valued at $20,099,000 after acquiring an additional 293,049 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Byrna Technologies by 1,039.5% in the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company’s stock valued at $7,670,000 after acquiring an additional 242,875 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.