Brokerages Set Tilray Brands, Inc. (NASDAQ:TLRY) Target Price at $20.00

Tilray Brands, Inc. (NASDAQ:TLRY) has been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.00.

Several research firms recently commented on TLRY. Atb Cap Markets raised Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Wall Street Zen raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Tilray Brands

Large investors have recently made changes to their positions in the stock. State of Wyoming lifted its position in Tilray Brands by 133.0% during the first quarter. State of Wyoming now owns 241,165 shares of the company’s stock worth $159,000 after buying an additional 137,676 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tilray Brands by 1,839.7% in the 1st quarter. AQR Capital Management LLC now owns 607,054 shares of the company’s stock worth $399,000 after acquiring an additional 575,757 shares during the last quarter. Baader Bank Aktiengesellschaft increased its stake in shares of Tilray Brands by 11.0% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 339,706 shares of the company’s stock worth $134,000 after acquiring an additional 33,684 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Tilray Brands by 12.7% during the 2nd quarter. Vontobel Holding Ltd. now owns 272,662 shares of the company’s stock worth $113,000 after acquiring an additional 30,818 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of Tilray Brands by 55.9% during the 2nd quarter. Blair William & Co. IL now owns 239,743 shares of the company’s stock valued at $99,000 after acquiring an additional 86,010 shares during the last quarter. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

Tilray Brands Price Performance

Shares of Tilray Brands stock opened at $9.60 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -0.42 and a beta of 1.76. The business has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $10.25. Tilray Brands has a 12 month low of $3.51 and a 12 month high of $23.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.56.

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.