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

Roth Mkm reaffirmed their buy rating on shares of Byrna Technologies (NASDAQ:BYRN) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $33.00 target price on the stock.

Byrna Technologies Stock Performance

BYRN stock opened at $18.21 on Thursday. The company has a market capitalization of $412.40 million, a PE ratio of 33.72 and a beta of 1.64. The company’s fifty day moving average price is $26.77 and its 200-day moving average price is $22.16. Byrna Technologies has a one year low of $7.79 and a one year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Large investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Byrna Technologies by 47.9% during the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after buying an additional 548,670 shares during the last quarter. Barclays PLC grew its holdings in shares of Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after buying an additional 18,855 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after buying an additional 2,021 shares during the last quarter. State Street Corp grew its holdings in shares of Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after buying an additional 84,723 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Byrna Technologies in the fourth quarter valued at $616,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

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.