Byrna Technologies (NASDAQ:BYRN) Receives Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Byrna Technologies (NASDAQ:BYRN - Free Report) in a research note published on Wednesday, Benzinga reports. The brokerage currently has a $20.00 target price on the stock.

Separately, Roth Capital upgraded Byrna Technologies to a "strong-buy" rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $17.75.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN traded down $0.16 on Wednesday, hitting $15.25. The company's stock had a trading volume of 249,004 shares, compared to its average volume of 308,360. The stock has a 50 day moving average of $15.06 and a 200-day moving average of $12.47. The company has a market capitalization of $347.06 million, a price-to-earnings ratio of 169.44 and a beta of 1.69. Byrna Technologies has a 12-month low of $4.18 and a 12-month high of $19.42.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Byrna Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company's stock valued at $11,145,000 after acquiring an additional 14,755 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company's stock worth $7,704,000 after purchasing an additional 10,000 shares in the last quarter. 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 worth $3,213,000 after buying an additional 112,262 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Byrna Technologies in the second quarter valued at about $2,693,000. Finally, Bank of New York Mellon Corp lifted its position in Byrna Technologies by 68.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company's stock worth $1,463,000 after acquiring an additional 59,738 shares in the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Company Profile

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.