Byrna Technologies’ (BYRN) “Buy” Rating Reiterated at Roth Mkm

Byrna Technologies (NASDAQ:BYRN)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $33.00 price objective on the stock. Roth Mkm’s price target suggests a potential upside of 81.22% from the company’s previous close.

Byrna Technologies Stock Down 4.3 %

Shares of Byrna Technologies stock opened at $18.21 on Thursday. The stock has a market cap of $412.40 million, a P/E ratio of 33.72 and a beta of 1.64. The business’s 50 day moving average is $26.77 and its 200-day moving average is $22.09. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $34.78.

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

Insiders Place Their Bets

In other Byrna Technologies news, insider Luan Pham sold 33,483 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares in the company, valued at approximately $578,078.12. This trade represents a 63.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was 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 of the company’s stock, valued at approximately $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in shares of Byrna Technologies by 47.9% during 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 period. Capital Research Global Investors bought a new position in shares of Byrna Technologies during the 4th quarter worth about $47,203,000. Vanguard Group Inc. grew its stake in shares of Byrna Technologies by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock valued at $28,861,000 after buying an additional 73,954 shares during the period. Invesco Ltd. increased its position in 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 buying an additional 293,049 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Byrna Technologies by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 396,616 shares of the company’s stock worth $11,430,000 after buying an additional 5,184 shares during the period. 25.46% of the stock is currently 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.