Tilray Brands (NASDAQ:TLRY) Rating Increased to Hold at Wall Street Zen

Tilray Brands (NASDAQ:TLRY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other equities analysts have also recently issued reports on TLRY. Roth Mkm dropped their price objective on shares of Tilray Brands from $20.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Canaccord Genuity Group started coverage on Tilray Brands in a report on Tuesday, January 27th. They set a “hold” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Tilray Brands in a research report on Wednesday, January 21st. ATB Cormark Capital Markets raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Zacks Research raised Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.33.

Tilray Brands Stock Down 1.8%

Shares of NASDAQ:TLRY opened at $7.75 on Friday. Tilray Brands has a 52-week low of $3.51 and a 52-week high of $23.20. The stock has a market cap of $902.95 million, a P/E ratio of -0.35 and a beta of 2.02. The business has a fifty day moving average of $9.02 and a two-hundred day moving average of $11.08. 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 (NASDAQ:TLRY) last posted its quarterly earnings data on Thursday, January 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.27). The firm had revenue of $217.51 million during the quarter, compared to analysts’ expectations of $211.15 million. Tilray Brands had a negative net margin of 251.69% and a negative return on equity of 6.35%. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, research analysts expect that Tilray Brands will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Tilray Brands

Several hedge funds have recently bought and sold shares of TLRY. Hilton Head Capital Partners LLC acquired a new position in shares of Tilray Brands during the fourth quarter valued at $38,000. Engineers Gate Manager LP acquired a new position in shares of Tilray Brands during the 4th quarter worth approximately $126,000. Oppenheimer & Co. Inc. acquired a new position in Tilray Brands during the third quarter worth approximately $25,000. Silverlake Wealth Management LLC acquired a new stake in Tilray Brands during the 3rd quarter valued at $25,000. Finally, Unified Investment Management bought a new stake in shares of Tilray Brands during the 3rd quarter worth about $26,000. 9.35% of the stock is owned by hedge funds and other institutional investors.

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.