Tilray Brands, Inc. (NASDAQ:TLRY) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give Tilray an average rating of Hold from eight brokerages (1 sell, 4 hold, 3 buy) with a 12‑month consensus target price of $11.50.
• Tilray missed quarterly EPS estimates, reporting ($0.24) vs. consensus ($0.14) while beating revenue at $206.73M, and the company remains unprofitable with a negative net margin of 156.51% and an FY EPS forecast of -0.55.
• The stock is trading near $6.14 with a market cap of $715.6M (52‑week range $3.51–$23.20); insider Director David G. Hopkinson recently sold 33,556 shares and insiders own just 0.84% while institutions own about 9.35%.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has been assigned an average rating of "Hold" from the eight brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.50.

TLRY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Tilray Brands from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 11th. TD Cowen reduced their price objective on shares of Tilray Brands from $10.00 to $7.00 and set a "buy" rating for the company in a research note on Monday, March 30th. Roth Mkm upgraded shares of Tilray Brands from a "neutral" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Thursday, April 2nd. ATB Cormark Capital Markets dropped their price target on shares of Tilray Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Tilray Brands from a "sell" rating to a "hold" rating in a report on Saturday, March 21st.

Tilray Brands Stock Down 6.4%

NASDAQ:TLRY opened at $6.14 on Thursday. The firm has a market cap of $715.61 million, a P/E ratio of -0.45 and a beta of 2.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.66 and a current ratio of 2.79. Tilray Brands has a fifty-two week low of $3.51 and a fifty-two week high of $23.20. The firm has a 50-day simple moving average of $6.95 and a two-hundred day simple moving average of $9.14.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.10). The firm had revenue of $206.73 million for the quarter, compared to the consensus estimate of $201.35 million. Tilray Brands had a negative net margin of 156.51% and a negative return on equity of 3.31%. During the same quarter in the prior year, the business posted ($0.87) earnings per share. Analysts predict that Tilray Brands will post -0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David G. Hopkinson sold 33,556 shares of the firm's stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total transaction of $232,878.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is currently owned by insiders.

Institutional Trading of Tilray Brands

Institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new stake in shares of Tilray Brands during the 3rd quarter valued at about $518,000. Optiver Holding B.V. boosted its holdings in shares of Tilray Brands by 239.4% during the 3rd quarter. Optiver Holding B.V. now owns 224,049 shares of the company's stock valued at $388,000 after acquiring an additional 158,041 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Tilray Brands by 72.1% during the 3rd quarter. Cresset Asset Management LLC now owns 501,989 shares of the company's stock valued at $868,000 after acquiring an additional 210,267 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Tilray Brands by 99,204,800.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 992,049 shares of the company's stock valued at $1,716,000 after acquiring an additional 992,048 shares during the last quarter. Finally, Zuckerman Investment Group LLC purchased a new stake in shares of Tilray Brands during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 9.35% of the company's stock.

About Tilray Brands

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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