Tilray Brands, Inc. (NASDAQ:TLRY) Given Average Rating of “Hold” by Brokerages

Tilray Brands, Inc. (NASDAQ:TLRY) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $2.00.

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday. Zelman & Associates reaffirmed a “neutral” rating on shares of Tilray Brands in a research note on Tuesday, July 29th. Atb Cap Markets cut shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday. Wall Street Zen raised Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group lifted their price objective on Tilray Brands from $1.50 to $2.00 and gave the stock a “buy” rating in a research note on Monday, August 25th.

Tilray Brands Stock Down 18.1%

Shares of TLRY opened at $1.72 on Friday. The business’s fifty day moving average price is $1.24 and its two-hundred day moving average price is $0.76. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -0.76 and a beta of 1.98. Tilray Brands has a 52 week low of $0.35 and a 52 week high of $2.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.46.

Tilray Brands (NASDAQ:TLRY) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $224.54 million for the quarter, compared to analyst estimates of $250.41 million. Tilray Brands had a negative return on equity of 6.11% and a negative net margin of 258.54%. On average, analysts predict that Tilray Brands will post -0.2 earnings per share for the current year.

Insider Activity at Tilray Brands

In other news, CEO Irwin D. Simon purchased 165,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $100,650.00. Following the transaction, the chief executive officer directly owned 3,941,633 shares of the company’s stock, valued at approximately $2,404,396.13. The trade was a 4.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tilray Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Tilray Brands by 8.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 300,707 shares of the company’s stock valued at $125,000 after buying an additional 24,375 shares in the last quarter. Capital Management Associates Inc lifted its holdings in Tilray Brands by 100.0% during the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company’s stock worth $33,000 after acquiring an additional 25,380 shares in the last quarter. Madrona Financial Services LLC grew its stake in Tilray Brands by 42.9% in the first quarter. Madrona Financial Services LLC now owns 100,000 shares of the company’s stock valued at $66,000 after acquiring an additional 30,000 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Tilray Brands by 12.7% in the second quarter. Vontobel Holding Ltd. now owns 272,662 shares of the company’s stock worth $113,000 after acquiring an additional 30,818 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in shares of Tilray Brands by 11.0% during the second quarter. Baader Bank Aktiengesellschaft now owns 339,706 shares of the company’s stock worth $134,000 after purchasing an additional 33,684 shares during the period. 9.35% of the stock is owned by institutional investors.

Tilray Brands Company Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.