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

Key Points

• Tilray Brands, Inc. (NASDAQ:TLRY) has received an average analyst recommendation of "Hold" from six brokerages, with four holding and two buying recommendations.
• The company reported a quarterly earnings per share of $0.02, exceeding analysts' expectations of (-$0.03), but its revenue fell short at $224.54 million compared to the expected $250.41 million.
• CEO Irwin D. Simon has increased his stake in Tilray by acquiring 165,000 shares at an average cost of $0.61 per share, raising his total shares in the company to approximately 3.94 million.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has earned an average recommendation of "Hold" from the six brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1.9375.

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Tilray Brands from $1.50 to $2.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Wall Street Zen cut shares of Tilray Brands to a "strong sell" rating in a research report on Saturday, July 5th. Finally, Zelman & Associates reissued a "neutral" rating on shares of Tilray Brands in a research report on Tuesday, July 29th.

Tilray Brands Trading Up 3.4%

Shares of TLRY stock opened at $1.22 on Wednesday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -0.53 and a beta of 2.03. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.20. Tilray Brands has a fifty-two week low of $0.35 and a fifty-two week high of $1.88. The firm's 50 day moving average price is $0.94 and its two-hundred day moving average price is $0.65.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.02 earnings per share 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, analysts anticipate that Tilray Brands will post -0.2 EPS for the current year.

Insider Activity at Tilray Brands

In other news, CEO Irwin D. Simon bought 165,000 shares of Tilray Brands stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average cost of $0.61 per share, with a total value of $100,650.00. Following the completion of the transaction, the chief executive officer 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its position in shares of Tilray Brands by 203.2% during the second quarter. J.W. Cole Advisors Inc. now owns 71,890 shares of the company's stock worth $30,000 after purchasing an additional 48,177 shares in the last quarter. Cerity Partners LLC acquired a new stake in Tilray Brands in the first quarter valued at $31,000. Capital Management Associates Inc raised its holdings in Tilray Brands by 100.0% in the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after acquiring an additional 25,380 shares in the last quarter. Fifth Lane Capital LP raised its holdings in Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock valued at $33,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Zuckerman Investment Group LLC acquired a new stake in Tilray Brands in the first quarter valued at $33,000. 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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