Tilray Brands, Inc. (NASDAQ:TLRY) Receives Average Recommendation of “Hold” from Brokerages

Tilray Brands, Inc. (NASDAQ:TLRY) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $1.9167.

Several research firms have recently commented on TLRY. Zelman & Associates reaffirmed a “neutral” rating on shares of Tilray Brands in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Tilray Brands to a “strong sell” rating in a research report on Saturday, July 5th.

Insider Transactions at Tilray Brands

In other news, CEO Irwin D. Simon bought 165,000 shares of Tilray Brands stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average cost of $0.61 per share, with a total value of $100,650.00. Following the acquisition, the chief executive officer owned 3,941,633 shares of the company’s stock, valued at $2,404,396.13. The trade was a 4.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Tilray Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new stake in shares of Tilray Brands during the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC lifted its holdings in shares of Tilray Brands by 92.1% in the fourth quarter. NewEdge Advisors LLC now owns 27,406 shares of the company’s stock worth $36,000 after buying an additional 13,136 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Tilray Brands by 55.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,875 shares of the company’s stock worth $42,000 after buying an additional 11,325 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Tilray Brands in the fourth quarter worth $47,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Tilray Brands by 68.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 35,121 shares of the company’s stock worth $47,000 after buying an additional 14,221 shares in the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

Tilray Brands Price Performance

NASDAQ TLRY opened at $1.15 on Friday. Tilray Brands has a 52 week low of $0.3507 and a 52 week high of $1.95. The firm has a market capitalization of $1.27 billion, a P/E ratio of -0.50 and a beta of 1.85. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $0.66 and a 200-day moving average price of $0.62.

Tilray Brands (NASDAQ:TLRY) last released its quarterly earnings results on Monday, July 28th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. Tilray Brands had a negative net margin of 265.69% and a negative return on equity of 6.83%. The firm had revenue of $224.54 million during the quarter, compared to analyst estimates of $250.41 million. Equities research analysts anticipate that Tilray Brands will post -0.2 earnings per share for the current year.

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.