B. Riley Forecasts Higher Earnings for Byrna Technologies

Byrna Technologies Inc. (NASDAQ:BYRN) – Research analysts at B. Riley raised their Q4 2024 EPS estimates for shares of Byrna Technologies in a note issued to investors on Tuesday, December 10th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $0.02 for the quarter, up from their prior forecast of $0.01. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.19 per share.

Several other equities research analysts have also recently commented on BYRN. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Byrna Technologies has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Price Performance

Shares of BYRN stock opened at $24.67 on Friday. 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. The firm has a market cap of $561.49 million, a P/E ratio of 274.14 and a beta of 1.80.

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

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in 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 purchasing an additional 548,670 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Byrna Technologies during the second quarter worth approximately $2,693,000. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 112,262 shares during the period. State Street Corp grew its stake in shares of Byrna Technologies by 36.9% in the third quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after acquiring an additional 84,723 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Byrna Technologies during the second quarter worth $786,000. 25.46% of the stock is currently owned by institutional investors.

Insider Transactions at Byrna Technologies

In related news, CEO Bryan Ganz sold 2,478 shares of Byrna Technologies stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total value of $45,743.88. Following the transaction, the chief executive officer now owns 398,059 shares in the company, valued at $7,348,169.14. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider now owns 224,555 shares of the company’s stock, valued at $3,819,680.55. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,424 shares of company stock worth $183,104. 11.08% of the stock is owned by corporate 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.