Tilray Brands (NASDAQ:TLRY) Earns Neutral Rating from Zelman & Associates

Key Points

• Zelman & Associates has reissued a "neutral" rating for Tilray Brands (NASDAQ:TLRY), with a consensus target price of $1.92.
• Tilray's stock saw a recent decline in price targets, with Piper Sandler lowering theirs from $2.00 to $1.00 and multiple analysts giving it ratings ranging from "strong sell" to "buy."
• Institutional ownership of Tilray Brands stands at 9.35%, with significant increases in holdings noted from firms such as JPMorgan Chase & Co. and WINTON GROUP Ltd.

Tilray Brands (NASDAQ:TLRY - Get Free Report)'s stock had its "neutral" rating reissued by Zelman & Associates in a note issued to investors on Tuesday,Benzinga reports.

A number of other analysts also recently weighed in on the stock. Piper Sandler reduced their price target on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wall Street Zen lowered Tilray Brands to a "strong sell" rating in a research note on Saturday, July 5th. Finally, Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1.92.

Tilray Brands Stock Up 1.6%

TLRY opened at $0.70 on Tuesday. Tilray Brands has a twelve month low of $0.35 and a twelve month high of $2.15. The business has a 50 day moving average price of $0.49 and a 200 day moving average price of $0.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 2.62. The firm has a market cap of $704.25 million, a P/E ratio of -0.67 and a beta of 1.82.

Institutional Trading of Tilray Brands

Several institutional investors have recently bought and sold shares of TLRY. Raymond James Financial Inc. acquired a new position in Tilray Brands in the fourth quarter valued at about $255,000. Teacher Retirement System of Texas acquired a new position in Tilray Brands in the fourth quarter worth $211,000. WINTON GROUP Ltd increased its stake in shares of Tilray Brands by 46.4% in the fourth quarter. WINTON GROUP Ltd now owns 88,401 shares of the company's stock valued at $118,000 after buying an additional 28,008 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tilray Brands by 112.7% in the fourth quarter. JPMorgan Chase & Co. now owns 919,082 shares of the company's stock valued at $1,222,000 after buying an additional 487,051 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in Tilray Brands by 23.0% during the 4th quarter. OLD Mission Capital LLC now owns 205,164 shares of the company's stock worth $273,000 after buying an additional 38,305 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company's stock.

About Tilray Brands

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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