Brokerages Set Tilray Brands, Inc. (NASDAQ:TLRY) PT at $15.00

Tilray Brands, Inc. (NASDAQ:TLRYGet Free Report) has been assigned an average rating of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.3333.

A number of research firms have recently commented on TLRY. Zacks Research downgraded shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Roth Mkm dropped their target price on Tilray Brands from $20.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday. Atb Cap Markets raised Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Wall Street Zen upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tilray Brands in a research report on Wednesday, October 8th.

View Our Latest Analysis on TLRY

Key Headlines Impacting Tilray Brands

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

Institutional Trading of Tilray Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLRY. Oppenheimer & Co. Inc. bought a new position in shares of Tilray Brands in the 3rd quarter valued at about $25,000. Silverlake Wealth Management LLC acquired a new stake in Tilray Brands in the 3rd quarter valued at about $25,000. Unified Investment Management acquired a new stake in Tilray Brands in the 3rd quarter valued at about $26,000. Y Intercept Hong Kong Ltd bought a new position in Tilray Brands during the third quarter worth about $30,000. Finally, HighPoint Advisor Group LLC acquired a new position in Tilray Brands during the third quarter worth approximately $33,000. 9.35% of the stock is owned by institutional investors.

Tilray Brands Price Performance

Shares of TLRY opened at $9.13 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 2.81 and a debt-to-equity ratio of 0.19. Tilray Brands has a twelve month low of $3.51 and a twelve month high of $23.20. The stock has a market capitalization of $1.06 billion, a P/E ratio of -0.41 and a beta of 1.77. The company has a 50 day moving average of $9.53 and a 200-day moving average of $10.84.

Tilray Brands (NASDAQ:TLRYGet Free Report) last announced its quarterly earnings data on Thursday, January 8th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.27). The business had revenue of $217.51 million during the quarter, compared to the consensus estimate of $211.15 million. Tilray Brands had a negative return on equity of 6.35% and a negative net margin of 251.69%.During the same period in the prior year, the firm earned ($0.03) EPS. As a group, equities research analysts forecast that Tilray Brands will post -0.2 EPS for the current fiscal year.

Tilray Brands Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Tilray Brands (NASDAQ:TLRY)

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