Shares of Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) have received an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.90.
A number of brokerages have recently commented on TLRY. Canaccord Genuity Group cut their target price on shares of Tilray Brands from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Friday, October 9th. TD Securities raised shares of Tilray Brands to a “strong-buy” rating in a research report on Friday, July 31st. Wall Street Zen lowered shares of Tilray Brands from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. TD reduced their target price on shares of Tilray Brands from $4.70 to $4.50 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, TD Cowen reduced their target price on shares of Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, July 14th.
View Our Latest Stock Analysis on TLRY
Insider Activity
In related news, CFO Carl Merton purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $4.62 per share, for a total transaction of $46,200.00. Following the transaction, the chief financial officer directly owned 139,753 shares of the company’s stock, valued at approximately $645,658.86. The trade was a 7.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 15,000 shares of company stock worth $69,225 over the last 90 days. Company insiders own 1.60% of the company’s stock.
Institutional Trading of Tilray Brands
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Tilray Brands during the second quarter worth approximately $2,073,000. Legal & General Group Plc acquired a new stake in shares of Tilray Brands during the second quarter worth $381,000. Deutsche Bank AG acquired a new stake in shares of Tilray Brands during the second quarter worth $44,000. Hsbc Holdings PLC acquired a new stake in shares of Tilray Brands during the second quarter worth $182,000. Finally, Ieq Capital LLC purchased a new position in Tilray Brands in the 2nd quarter valued at $146,000. 9.35% of the stock is owned by institutional investors and hedge funds.
Tilray Brands Stock Performance
NASDAQ TLRY opened at $2.72 on Thursday. The company has a fifty day moving average of $3.95 and a two-hundred day moving average of $5.64. The company has a market capitalization of $401.98 million, a PE ratio of -1.94 and a beta of 1.91. Tilray Brands has a 1 year low of $2.68 and a 1 year high of $15.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.11.
Tilray Brands (NASDAQ:TLRY – Get Free Report) last posted its earnings results on Thursday, October 8th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.16. Tilray Brands had a negative return on equity of 10.39% and a negative net margin of 16.91%. The business had revenue of $257.15 million for the quarter, compared to analysts’ expectations of $266.26 million. As a group, analysts expect that Tilray Brands will post -0.52 earnings per share for the current year.
Tilray Brands Company Profile
Tilray Brands, Inc is a global consumer packaged goods company operating across the cannabis, beverage alcohol, wellness and distribution sectors. Its cannabis business includes adult-use and medical cannabis products such as dried flower, pre-rolls, vapes, concentrates, edibles and beverages, marketed under brands including Good Supply, RIFF and Broken Coast.
The company also owns and operates beverage alcohol businesses, including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Co and Blue Point Brewing Company.
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