Roth Capital Lifts Earnings Estimates for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN) – Investment analysts at Roth Capital upped their FY2024 EPS estimates for shares of Byrna Technologies in a note issued to investors on Tuesday, December 10th. Roth Capital analyst M. Koranda now expects that the company will post earnings of $0.22 per share for the year, up from their previous estimate of $0.19. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.19 per share. Roth Capital also issued estimates for Byrna Technologies’ Q4 2024 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

Separately, Roth Mkm restated a “buy” rating and set a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Price Performance

NASDAQ:BYRN opened at $24.67 on Thursday. The stock has a market cap of $561.49 million, a PE ratio of 274.14 and a beta of 1.80. Byrna Technologies has a fifty-two week low of $5.36 and a fifty-two week high of $25.77. The stock’s 50-day moving average is $17.74 and its two-hundred day moving average is $13.87.

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, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million for the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, CEO Bryan Ganz sold 2,478 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total transaction of $45,743.88. Following the transaction, the chief executive officer now directly owns 398,059 shares of the company’s stock, valued at $7,348,169.14. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of $14.04 per share, with a total value of $28,080.00. Following the transaction, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $35,100. The trade was a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 10,424 shares of company stock worth $183,104 over the last 90 days. 11.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BYRN. nVerses Capital LLC acquired a new stake in Byrna Technologies in the 3rd quarter worth approximately $34,000. Quest Partners LLC bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $46,000. MetLife Investment Management LLC lifted its stake in shares of Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after buying an additional 6,061 shares during the last quarter. Algert Global LLC bought a new stake in shares of Byrna Technologies during the 2nd quarter worth $131,000. Finally, Centiva Capital LP acquired a new position in Byrna Technologies in the 3rd quarter valued at $286,000. Institutional investors and hedge funds 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.