Leonard Elmore Buys 10,000 Shares of Byrna Technologies (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Leonard Elmore bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of $4.64 per share, for a total transaction of $46,400.00. Following the completion of the purchase, the director owned 60,811 shares in the company, valued at $282,163.04. The trade was a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $4.68 on Wednesday. The company has a market cap of $106.19 million, a PE ratio of -26.00 and a beta of 1.82. The business has a 50-day simple moving average of $5.13 and a two-hundred day simple moving average of $7.88. Byrna Technologies Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The company had revenue of $16.39 million for the quarter, compared to analyst estimates of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. On average, sell-side analysts predict that Byrna Technologies Inc. will post -0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Byrna Technologies by 184.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after acquiring an additional 207,781 shares during the last quarter. AIGH Capital Management LLC purchased a new position in shares of Byrna Technologies during the fourth quarter worth $6,630,000. Renaissance Technologies LLC lifted its position in Byrna Technologies by 496.5% during the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after purchasing an additional 318,227 shares during the period. Penn Capital Management Company LLC acquired a new position in Byrna Technologies during the fourth quarter valued at $2,785,000. Finally, UBS Group AG boosted its holdings in Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BYRN. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, July 10th. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Zacks Research downgraded Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, B. Riley Financial reduced their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.88.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.