Analysts Set Tilray Brands, Inc. (NASDAQ:TLRY) Price Target at $2.00

by · The Cerbat Gem

Shares of Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.00.

A number of research analysts have recently weighed in on TLRY shares. Wall Street Zen upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 11th. Atb Cap Markets lowered Tilray Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Tilray Brands in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Tilray Brands from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 25th.

Get Our Latest Report on TLRY

Tilray Brands Price Performance

Shares of NASDAQ:TLRY opened at $7.06 on Monday. The firm has a market cap of $792.77 million, a price-to-earnings ratio of -0.31 and a beta of 1.76. The firm has a fifty day moving average price of $13.25 and a 200 day moving average price of $9.53. Tilray Brands has a fifty-two week low of $3.51 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.56 and a current ratio of 2.62.

Hedge Funds Weigh In On Tilray Brands

Institutional investors have recently bought and sold shares of the business. Swiss Life Asset Management Ltd increased its holdings in shares of Tilray Brands by 222.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 42,503 shares of the company’s stock worth $74,000 after buying an additional 29,339 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Tilray Brands by 99,204,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 992,049 shares of the company’s stock worth $1,716,000 after acquiring an additional 992,048 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new stake in Tilray Brands during the third quarter worth approximately $401,000. Scientech Research LLC bought a new stake in Tilray Brands during the third quarter worth approximately $1,748,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Tilray Brands by 8,971.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 561,135 shares of the company’s stock valued at $971,000 after purchasing an additional 554,949 shares during the period. Institutional investors own 9.35% of the company’s stock.

About Tilray Brands

(Get Free Report)

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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