Byrna Technologies (NASDAQ:BYRN) Stock: Insider Adam Roth Buys 5,000 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth purchased 5,000 shares of Byrna Technologies stock in a transaction dated Wednesday, October 14th. The shares were bought at an average cost of $4.53 per share, for a total transaction of $22,650.00. Following the transaction, the director directly owned 9,379 shares of the company’s stock, valued at approximately $42,486.87. The trade was a 114.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Byrna Technologies Price Performance

NASDAQ:BYRN traded up $0.06 during mid-day trading on Friday, reaching $4.84. The stock had a trading volume of 1,648,622 shares, compared to its average volume of 602,050. The company has a market capitalization of $113.30 million, a price-to-earnings ratio of -12.10 and a beta of 1.70. Byrna Technologies Inc. has a 1-year low of $3.16 and a 1-year high of $22.47. The stock’s 50 day simple moving average is $3.84 and its two-hundred day simple moving average is $5.09.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. The firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $16.27 million. Sell-side analysts anticipate that Byrna Technologies Inc. will post -0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Emerald Advisers LLC increased its position in Byrna Technologies by 165.7% in the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock worth $3,972,000 after buying an additional 269,817 shares during the period. Renaissance Technologies LLC lifted its stake in Byrna Technologies by 496.5% in the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after buying an additional 318,227 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Byrna Technologies by 184.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after buying an additional 207,781 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Byrna Technologies by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock valued at $2,659,000 after acquiring an additional 25,188 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Byrna Technologies by 9.0% during the second quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock valued at $347,000 after acquiring an additional 4,254 shares during the period. 25.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BYRN has been the topic of a number of research reports. Wall Street Zen raised shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Zacks Research raised shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Craig Hallum reaffirmed a “hold” rating and issued a $3.50 price target on shares of Byrna Technologies in a report on Friday, October 9th. B. Riley Financial lowered their price objective on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday. Finally, Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.62.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.