Roth Mkm Reaffirms Buy Rating for Byrna Technologies (NASDAQ:BYRN)

Byrna Technologies (NASDAQ:BYRN)‘s stock had its “buy” rating restated by investment analysts at Roth Mkm in a report released on Wednesday, Benzinga reports. They currently have a $20.00 target price on the stock. Roth Mkm’s price target points to a potential upside of 38.79% from the company’s previous close.

Separately, Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. 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, the stock presently has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Price Performance

NASDAQ:BYRN opened at $14.41 on Wednesday. Byrna Technologies has a fifty-two week low of $4.18 and a fifty-two week high of $19.42. The stock has a market capitalization of $327.94 million, a PE ratio of 160.11 and a beta of 1.69. The business’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $12.48.

Insider Activity at Byrna Technologies

In related news, insider Lisa Wager sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the sale, the insider now directly owns 229,555 shares in the company, valued at approximately $3,098,992.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Laurilee Kearnes bought 2,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of $14.04 per share, with a total value of $28,080.00. Following the purchase, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. The trade was a 400.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa Wager sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the transaction, the insider now directly owns 229,555 shares of the company’s stock, valued at $3,098,992.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,416 shares of company stock worth $820,581. 11.08% of the stock is owned by company insiders.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in BYRN. nVerses Capital LLC bought a new position in Byrna Technologies in the 3rd quarter worth $34,000. Algert Global LLC purchased a new position in Byrna Technologies in the second quarter worth about $131,000. Hamilton Wealth LLC purchased a new position in Byrna Technologies in the first quarter worth about $146,000. Dimensional Fund Advisors LP grew its position in Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in Byrna Technologies in the second quarter worth about $205,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.