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

Key Points

• Tilray Brands, Inc. has received an average rating of "Hold" from seven rating firms, with mixed evaluations from analysts including two sell ratings, three holds, and two buy ratings.
• The company reported a quarterly EPS of $0.02, outperforming the consensus estimate of ($0.03), but fell short on revenue with $224.54 million compared to an expected $250.41 million.
• CEO Irwin D. Simon increased his stake in Tilray by purchasing 165,000 shares at an average cost of $0.61 per share, reflecting confidence in the company's future performance.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.00.

A number of research analysts have recently commented on TLRY shares. Wall Street Zen raised shares of Tilray Brands from a "strong sell" rating to a "hold" rating in a research report on Saturday. Zelman & Associates reiterated a "neutral" rating on shares of Tilray Brands in a research report on Tuesday, July 29th. Atb Cap Markets lowered shares of Tilray Brands from a "hold" rating to a "strong sell" rating in a research report on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tilray Brands in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on Tilray Brands from $1.50 to $2.00 and gave the company a "buy" rating in a research note on Monday, August 25th.

Tilray Brands Price Performance

NASDAQ TLRY opened at $1.72 on Friday. The stock has a 50-day simple moving average of $1.24 and a 200 day simple moving average of $0.76. Tilray Brands has a twelve month low of $0.35 and a twelve month high of $2.32. The stock has a market capitalization of $1.89 billion, a PE ratio of -0.76 and a beta of 1.98. 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 - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Tilray Brands had a negative return on equity of 6.11% and a negative net margin of 258.54%.The company had revenue of $224.54 million for the quarter, compared to the consensus estimate of $250.41 million. Research analysts anticipate that Tilray Brands will post -0.2 EPS for the current year.

Insider Activity

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 stock was purchased at an average cost of $0.61 per share, with a total value of $100,650.00. Following the acquisition, the chief executive officer directly owned 3,941,633 shares of the company's stock, valued at approximately $2,404,396.13. This trade represents a 4.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TLRY. Tidal Investments LLC grew its position in Tilray Brands by 15.0% during the 2nd quarter. Tidal Investments LLC now owns 28,971,835 shares of the company's stock worth $12,006,000 after acquiring an additional 3,776,410 shares during the last quarter. Ausdal Financial Partners Inc. bought a new stake in shares of Tilray Brands during the second quarter worth $939,000. AQR Capital Management LLC grew its holdings in shares of Tilray Brands by 1,839.7% during the first quarter. AQR Capital Management LLC now owns 607,054 shares of the company's stock worth $399,000 after purchasing an additional 575,757 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Tilray Brands in the second quarter valued at $112,000. Finally, MCF Advisors LLC bought a new position in shares of Tilray Brands in the first quarter valued at about $132,000. 9.35% of the stock is owned by institutional investors and hedge funds.

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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