B. Riley Lifts Earnings Estimates for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN) – Stock analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for Byrna Technologies in a research report issued to clients and investors on Tuesday, December 10th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.16. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.17 per share. B. Riley also issued estimates for Byrna Technologies’ FY2026 earnings at $0.39 EPS.

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

A number of other equities research analysts have also recently commented on BYRN. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Roth Mkm reiterated a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.75.

Byrna Technologies Stock Up 2.6 %

BYRN opened at $24.81 on Thursday. Byrna Technologies has a twelve month low of $5.12 and a twelve month high of $25.49. The company has a 50-day moving average price of $17.63 and a 200 day moving average price of $13.79. The company has a market cap of $564.63 million, a PE ratio of 275.67 and a beta of 1.80.

Institutional Trading of Byrna Technologies

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC lifted its position in shares of Byrna Technologies by 145.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock valued at $760,000 after acquiring an additional 45,118 shares during the period. FMR LLC raised its stake in Byrna Technologies by 47.9% during the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. XTX Topco Ltd acquired a new position in shares of Byrna Technologies in the 2nd quarter valued at about $408,000. Bank of New York Mellon Corp lifted its position in Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after buying an additional 59,738 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in Byrna Technologies by 86.6% during the third quarter. GSA Capital Partners LLP now owns 59,608 shares of the company’s stock worth $1,012,000 after buying an additional 27,662 shares during the period. 25.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Byrna Technologies

In other news, CEO Bryan Ganz sold 2,478 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $18.46, for a total value of $45,743.88. Following the completion of the sale, the chief executive officer now directly owns 398,059 shares of the company’s stock, valued at approximately $7,348,169.14. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laurilee Kearnes bought 2,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $35,100. The trade was a 400.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 10,424 shares of company stock valued at $183,104 over the last quarter. 11.08% of the stock is owned by insiders.

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.