Tilray Brands, Inc. (NASDAQ:TLRY) Stock Has Average Price Target of $7.00 According to Brokerages

by · The Cerbat Gem

Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.00.

A number of research analysts recently weighed in on TLRY shares. Weiss Ratings downgraded shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. ATB Cormark Capital Markets cut their price target on shares of Tilray Brands from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, September 21st. Wall Street Zen cut shares of Tilray Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. TD Securities upgraded shares of Tilray Brands to a “strong-buy” rating in a research note on Friday, July 31st. Finally, TD Cowen decreased their price objective on Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, July 14th.

Read Our Latest Research Report on TLRY

Tilray Brands Trading Down 1.7%

NASDAQ:TLRY opened at $3.95 on Friday. Tilray Brands has a twelve month low of $3.67 and a twelve month high of $23.20. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $5.18. The company has a market cap of $538.01 million, a P/E ratio of -3.66 and a beta of 1.92.

Tilray Brands (NASDAQ:TLRY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.42). The business had revenue of $281.71 million during the quarter, compared to analyst estimates of $246.30 million. Tilray Brands had a negative net margin of 13.11% and a negative return on equity of 7.76%. As a group, analysts expect that Tilray Brands will post -0.42 EPS for the current fiscal year.

Insider Transactions at Tilray Brands

In related news, CFO Carl Merton purchased 10,000 shares of Tilray Brands stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $4.62 per share, with a total value of $46,200.00. Following the completion of the transaction, the chief financial officer owned 139,753 shares of the company’s stock, valued at approximately $645,658.86. This trade represents a 7.71% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 15,000 shares of company stock worth $69,225 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Tilray Brands in the 2nd quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new position in Tilray Brands during the fourth quarter worth $38,000. Deutsche Bank AG acquired a new position in Tilray Brands during the second quarter worth $44,000. Corient Private Wealth LP acquired a new position in Tilray Brands during the second quarter worth $53,000. Finally, Essential Partners LLC raised its position in Tilray Brands by 110,137.5% during the first quarter. Essential Partners LLC now owns 8,819 shares of the company’s stock worth $57,000 after acquiring an additional 8,811 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company’s stock.

About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global consumer packaged goods company headquartered in New York. Its operations span cannabis, beverage alcohol, wellness products and related consumer brands. The company develops, produces, markets and distributes cannabis products, including dried flower, pre-rolls, vapes, concentrates, edibles and medical cannabis, where permitted by local regulations.

Tilray also operates a beverage alcohol platform that includes beer, spirits and other alcoholic beverages.

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