Tilray Brands (NASDAQ:TLRY) Shares Down 4.8% – Here’s What Happened

Posted by Francis Steltz on Oct 3rd, 2026

Shares of Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) fell 4.8% during trading on Thursday. The stock traded as low as $3.54 and last traded at $3.57. 6,982,922 shares were traded during trading, an increase of 66% from the average session volume of 4,211,969 shares. The stock had previously closed at $3.75.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TLRY shares. Wall Street Zen cut shares of Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. ATB Cormark Capital Markets dropped their price objective on shares of Tilray Brands from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, September 21st. TD Cowen dropped their price objective on shares of Tilray Brands from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings cut shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. Finally, TD Securities raised shares of Tilray Brands to a “strong-buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.

Get Our Latest Stock Analysis on TLRY

Tilray Brands Stock Performance

The stock has a fifty day moving average of $4.33 and a 200-day moving average of $5.13. The firm has a market capitalization of $491.70 million, a P/E ratio of -3.34 and a beta of 1.91. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 0.22.

Tilray Brands (NASDAQ:TLRY – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.42). Tilray Brands had a negative net margin of 13.11% and a negative return on equity of 7.76%. The firm had revenue of $281.71 million during the quarter, compared to the consensus estimate of $246.30 million. On average, research analysts anticipate that Tilray Brands, Inc. will post -0.42 EPS for the current year.

Insider Activity

In other Tilray Brands news, CFO Carl Merton acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $4.62 per share, with a total value of $46,200.00. Following the completion of the transaction, the chief financial officer directly owned 139,753 shares in the company, valued at $645,658.86. This trade represents a 7.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 15,000 shares of company stock valued at $69,225 in the last 90 days. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TLRY. Engineers Gate Manager LP grew its holdings in shares of Tilray Brands by 124.1% in the 2nd quarter. Engineers Gate Manager LP now owns 60,839 shares of the company’s stock valued at $273,000 after acquiring an additional 33,688 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Tilray Brands during the second quarter worth about $27,000. Squarepoint Ops LLC bought a new stake in Tilray Brands during the second quarter worth about $192,000. Amundi acquired a new position in Tilray Brands during the second quarter valued at approximately $131,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tilray Brands during the second quarter valued at approximately $75,000. Institutional investors own 9.35% of the company’s stock.

About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global consumer packaged goods company headquartered in New York. Its operations span cannabis, beverage alcohol, wellness products and related consumer brands. The company develops, produces, markets and distributes cannabis products, including dried flower, pre-rolls, vapes, concentrates, edibles and medical cannabis, where permitted by local regulations.

Tilray also operates a beverage alcohol platform that includes beer, spirits and other alcoholic beverages.

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