Tilray Brands, Inc. (NASDAQ:TLRY) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Tilray Brands, with one sell, three hold, two buy and one strong-buy recommendation. The average 12-month price target is $8.00, compared with the stock’s reported $4.50 price.
• Tilray’s CFO purchased 10,000 shares at an average price of $4.62, increasing his position by 7.71%; insiders have acquired 15,000 shares over the past 90 days.
• The company reported quarterly revenue of $281.71 million, above the $246.30 million estimate, but missed significantly on earnings with EPS of negative $0.43 versus the expected negative $0.01. Shares remain well below their 12-month high of $23.20.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $8.00.

TLRY has been the subject of a number of analyst reports. TD Securities upgraded Tilray Brands to a "strong-buy" rating in a research report on Friday, July 31st. TD Cowen reduced their target price on 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 raised shares of Tilray Brands from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, August 24th. Finally, Wall Street Zen lowered shares of Tilray Brands from a "hold" rating to a "sell" rating in a report on Saturday, August 1st.

Insider Activity at Tilray Brands

In other news, CFO Carl A. Merton acquired 10,000 shares of Tilray Brands stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $4.62 per share, with a total value of $46,200.00. Following the purchase, the chief financial officer 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 legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have acquired 15,000 shares of company stock valued at $69,225. Corporate insiders own 0.84% of the company's stock.

Hedge Funds Weigh In On Tilray Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in Tilray Brands during the fourth quarter valued at $38,000. Pictet Asset Management Holding SA raised its position in shares of Tilray Brands by 38.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 18,387 shares of the company's stock worth $119,000 after acquiring an additional 5,145 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Tilray Brands by 4.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 144,358 shares of the company's stock worth $1,304,000 after acquiring an additional 6,182 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in shares of Tilray Brands by 17.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 47,938 shares of the company's stock valued at $293,000 after purchasing an additional 7,226 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Tilray Brands by 14.3% during the 4th quarter. IFP Advisors Inc now owns 60,318 shares of the company's stock valued at $545,000 after purchasing an additional 7,541 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company's stock.

Tilray Brands Stock Performance

Shares of Tilray Brands stock opened at $4.50 on Wednesday. The stock has a market cap of $612.92 million, a price-to-earnings ratio of -4.17 and a beta of 1.90. Tilray Brands has a twelve month low of $3.67 and a twelve month high of $23.20. The company's fifty day moving average is $4.46 and its 200 day moving average is $5.66. 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 announced its earnings results on Tuesday, July 28th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.42). Tilray Brands had a negative return on equity of 7.76% and a negative net margin of 13.11%.The company had revenue of $281.71 million for the quarter, compared to the consensus estimate of $246.30 million. Sell-side analysts forecast that Tilray Brands will post -0.42 EPS for the current year.

Tilray Brands Company Profile

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.

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