Roth Capital Lifts Earnings Estimates for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN) – Analysts at Roth Capital boosted their Q1 2025 earnings estimates for shares of Byrna Technologies in a research report issued on Tuesday, December 10th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of $0.02 for the quarter, up 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 $0.19 per share. Roth Capital also issued estimates for Byrna Technologies’ Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.27 EPS.

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

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

Byrna Technologies Trading Down 0.6 %

Shares of Byrna Technologies stock opened at $24.67 on Friday. Byrna Technologies has a twelve month low of $5.36 and a twelve month high of $25.77. The firm’s 50-day moving average price is $17.74 and its 200 day moving average price is $13.89. The firm has a market capitalization of $561.44 million, a PE ratio of 274.11 and a beta of 1.80.

Insider Activity

In other news, CFO Laurilee Kearnes purchased 2,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of $14.04 per share, with a total value of $28,080.00. Following the transaction, the chief financial officer now owns 2,500 shares in the company, valued at $35,100. The trade was a 400.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Wager sold 2,450 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $17.01, for a total transaction of $41,674.50. Following the completion of the sale, the insider now directly owns 224,555 shares of the company’s stock, valued at $3,819,680.55. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,424 shares of company stock worth $183,104 over the last three months. Insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Byrna Technologies by 47.9% in the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after purchasing an additional 548,670 shares during the period. Vanguard Group Inc. raised its holdings in Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after buying an additional 14,755 shares during the period. Millennium Management LLC lifted its position in Byrna Technologies by 53.5% in the second quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock valued at $3,213,000 after buying an additional 112,262 shares during the last quarter. State Street Corp boosted its stake in Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after buying an additional 84,723 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Byrna Technologies during the second quarter valued at about $2,693,000. 25.46% of the stock is owned by hedge funds and other 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.