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

Tilray Brands, Inc. (NASDAQ:TLRY) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.50.

A number of equities analysts have recently issued reports on TLRY shares. Weiss Ratings lowered shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets lowered their target price on shares of Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. TD Cowen lowered their target price on shares of Tilray Brands from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, Roth Mkm upgraded shares of Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, April 2nd.

Insiders Place Their Bets

In related news, Director David G. Hopkinson sold 33,556 shares of Tilray Brands stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total value of $232,878.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tilray Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in Tilray Brands in the 3rd quarter valued at $25,000. Clearstead Advisors LLC grew its position in Tilray Brands by 437.3% in the 3rd quarter. Clearstead Advisors LLC now owns 21,625 shares of the company’s stock valued at $37,000 after buying an additional 17,600 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in Tilray Brands in the 4th quarter valued at $38,000. Cerity Partners LLC grew its position in Tilray Brands by 98.5% in the 2nd quarter. Cerity Partners LLC now owns 92,560 shares of the company’s stock valued at $38,000 after buying an additional 45,929 shares during the last quarter. Finally, Marex Group plc purchased a new position in Tilray Brands in the 2nd quarter valued at $40,000. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

Tilray Brands News Roundup

Here are the key news stories impacting Tilray Brands this week:

• Positive Sentiment: Tilray expanded its Hi*Ball Energy brand into the U.K., selling the drink online through Amazon and BrewDog’s website as part of a broader international rollout. Tilray takes Hi*Ball energy brand to UK
• Positive Sentiment: Tilray’s Breckenridge Distillery announced a limited single-barrel bourbon release, which could help reinforce its premium beverage portfolio and create incremental consumer demand. Breckenridge Distillery Releases Limited Single Barrel Bourbon Collection
• Neutral Sentiment: Tilray also appeared in market roundups highlighting “promising cannabis stocks,” which may reflect ongoing speculative interest in the sector rather than a direct company-specific catalyst. Promising Cannabis Stocks To Follow Now – June 17th
• Neutral Sentiment: BrewDog, part of Tilray, ran a Father’s Day campaign in the U.K., helping keep the company’s beverage brands in the spotlight, though the news is more promotional than financially material. BrewDog Turns Up Father’s Day Across the U.K. with Gift-Ready Beer, Custom Cans and Dads Eat Free

Tilray Brands Stock Performance

Shares of TLRY opened at $4.73 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. The firm has a market cap of $551.28 million, a PE ratio of -0.35 and a beta of 1.88. The company’s 50 day simple moving average is $5.81 and its 200-day simple moving average is $7.36. Tilray Brands has a 12-month low of $3.51 and a 12-month high of $23.20.

Tilray Brands (NASDAQ:TLRY) last announced its earnings results on Wednesday, April 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $206.73 million for the quarter, compared to analysts’ expectations of $201.35 million. Tilray Brands had a negative return on equity of 3.31% and a negative net margin of 156.51%.During the same quarter last year, the business posted ($0.87) earnings per share. As a group, equities analysts predict that Tilray Brands will post -0.58 EPS for the current year.

Tilray Brands Company Profile

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.