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

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $1.9167.

A number of equities analysts recently issued reports on the stock. Zelman & Associates reiterated a "neutral" rating on shares of Tilray Brands in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Tilray Brands to a "strong sell" rating in a research note on Saturday, July 5th.

Insider Transactions at Tilray Brands

In other news, CEO Irwin D. Simon purchased 165,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of $0.61 per share, for a total transaction of $100,650.00. Following the purchase, the chief executive officer directly owned 3,941,633 shares in the company, valued at approximately $2,404,396.13. This trade represents a 4.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tilray Brands

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Tilray Brands by 54.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,172,935 shares of the company's stock worth $2,890,000 after buying an additional 769,569 shares during the last quarter. JPMorgan Chase & Co. raised its position in Tilray Brands by 112.7% in the 4th quarter. JPMorgan Chase & Co. now owns 919,082 shares of the company's stock worth $1,222,000 after buying an additional 487,051 shares during the last quarter. Millennium Management LLC purchased a new position in Tilray Brands in the 4th quarter worth about $879,000. Raymond James Financial Inc. purchased a new position in Tilray Brands in the 4th quarter worth about $255,000. Finally, Tidal Investments LLC raised its position in Tilray Brands by 9.2% in the 4th quarter. Tidal Investments LLC now owns 10,595,264 shares of the company's stock worth $14,092,000 after buying an additional 889,086 shares during the last quarter. Institutional investors own 9.35% of the company's stock.

Tilray Brands Stock Performance

Shares of TLRY stock opened at $1.15 on Friday. Tilray Brands has a 12 month low of $0.3507 and a 12 month high of $1.95. The stock has a market cap of $1.27 billion, a PE ratio of -0.50 and a beta of 1.85. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $0.66 and its 200-day moving average price is $0.62.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.05. The firm had revenue of $224.54 million for the quarter, compared to analysts' expectations of $250.41 million. Tilray Brands had a negative net margin of 265.69% and a negative return on equity of 6.83%. On average, equities analysts expect that Tilray Brands will post -0.2 EPS for the current fiscal 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.

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