Tilray Brands (NASDAQ:TLRY) Shares Down 3% – Here’s What Happened

Posted by Brenda Bartman on Jun 24th, 2026

Shares of Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) traded down 3% on Monday . The company traded as low as $4.58 and last traded at $4.59. 3,485,031 shares changed hands during trading, a decline of 19% from the average session volume of 4,321,844 shares. The stock had previously closed at $4.73.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TLRY shares. Weiss Ratings cut Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. TD Cowen decreased their price objective on Tilray Brands from $10.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. ATB Cormark Capital Markets lowered their price objective on Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, April 2nd. Roth Mkm raised shares of Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tilray Brands currently has an average rating of “Hold” and an average target price of $11.50.

Get Our Latest Analysis on Tilray Brands

Tilray Brands Price Performance

The firm’s fifty day simple moving average is $5.69 and its 200-day simple moving average is $7.30. The firm has a market capitalization of $534.96 million, a PE ratio of -0.34 and a beta of 1.88. The company has a quick ratio of 1.66, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Tilray Brands (NASDAQ:TLRY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). Tilray Brands had a negative net margin of 156.51% and a negative return on equity of 3.31%. The firm had revenue of $206.73 million for the quarter, compared to analysts’ expectations of $201.35 million. During the same quarter in the previous year, the company earned ($0.87) EPS. On average, research analysts forecast that Tilray Brands, Inc. will post -0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tilray Brands news, Director David G. Hopkinson sold 33,556 shares of Tilray Brands stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $6.94, for a total value of $232,878.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Tilray Brands

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC raised its position in Tilray Brands by 15.0% in the 2nd quarter. Tidal Investments LLC now owns 28,971,835 shares of the company’s stock worth $12,006,000 after buying an additional 3,776,410 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Tilray Brands by 281.0% during the 3rd quarter. Millennium Management LLC now owns 4,942,319 shares of the company’s stock valued at $8,550,000 after acquiring an additional 3,645,060 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Tilray Brands during the 3rd quarter valued at about $5,813,000. Ausdal Financial Partners Inc. bought a new stake in shares of Tilray Brands in the second quarter worth approximately $939,000. Finally, Swiss National Bank raised its holdings in shares of Tilray Brands by 4.4% during the third quarter. Swiss National Bank now owns 2,013,038 shares of the company’s stock valued at $3,483,000 after purchasing an additional 84,900 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.