Renaissance Technologies LLC Increases Position in Byrna Technologies Inc. $BYRN

Renaissance Technologies LLC lifted its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 496.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 382,327 shares of the company’s stock after buying an additional 318,227 shares during the period. Renaissance Technologies LLC’s holdings in Byrna Technologies were worth $3,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Comerica Bank purchased a new stake in Byrna Technologies during the 4th quarter valued at approximately $40,000. NBC Securities Inc. lifted its position in Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after acquiring an additional 1,811 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares during the last quarter. Quarry LP acquired a new position in shares of Byrna Technologies in the third quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Byrna Technologies by 178.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after purchasing an additional 1,960 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

BYRN opened at $4.45 on Friday. Byrna Technologies Inc. has a 12 month low of $3.16 and a 12 month high of $30.62. The stock has a market capitalization of $100.97 million, a P/E ratio of -24.72 and a beta of 1.82. The business has a 50 day simple moving average of $5.19 and a 200-day simple moving average of $8.09.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BYRN shares. New Street Research set a $7.50 price target on Byrna Technologies in a report on Friday, April 10th. Wall Street Zen downgraded shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Craig Hallum cut shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a research note on Friday, April 10th. Zacks Research downgraded shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Byrna Technologies has a consensus rating of “Moderate Buy” and an average target price of $7.88.

Insiders Place Their Bets

In related news, Director Chris Lavern Reed purchased 8,150 shares of the stock in a transaction dated Friday, July 24th. The shares were acquired at an average cost of $3.63 per share, with a total value of $29,584.50. Following the purchase, the director directly owned 61,720 shares in the company, valued at $224,043.60. This trade represents a 15.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Conn Q. Davis purchased 18,768 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $3.46 per share, with a total value of $64,937.28. Following the acquisition, the chief executive officer directly owned 18,768 shares in the company, valued at approximately $64,937.28. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 61,258 shares of company stock worth $215,455. Corporate insiders own 9.75% of the company’s stock.

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.