Roth Mkm Cuts Tilray Brands (NASDAQ:TLRY) Price Target to $10.00

Tilray Brands (NASDAQ:TLRYFree Report) had its price target reduced by Roth Mkm from $20.00 to $10.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also weighed in on TLRY. Wall Street Zen raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research cut Tilray Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Tilray Brands in a research report on Wednesday, October 8th. Finally, Atb Cap Markets upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $13.33.

View Our Latest Report on TLRY

Tilray Brands Stock Up 5.3%

TLRY opened at $9.13 on Tuesday. The stock’s 50 day moving average price is $9.53 and its 200 day moving average price is $10.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.81 and a quick ratio of 1.72. The stock has a market cap of $1.06 billion, a P/E ratio of -0.41 and a beta of 1.77. Tilray Brands has a 12 month low of $3.51 and a 12 month high of $23.20.

Tilray Brands (NASDAQ:TLRYGet Free Report) last announced its quarterly earnings results on Thursday, January 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.27). The business had revenue of $217.51 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted ($0.03) EPS. As a group, research analysts predict that Tilray Brands will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Tilray Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Silverlake Wealth Management LLC purchased a new stake in shares of Tilray Brands during the third quarter valued at $25,000. Oppenheimer & Co. Inc. acquired a new stake in Tilray Brands during the 3rd quarter worth about $25,000. Unified Investment Management purchased a new stake in Tilray Brands during the third quarter valued at about $26,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Tilray Brands by 203.2% in the second quarter. J.W. Cole Advisors Inc. now owns 71,890 shares of the company’s stock worth $30,000 after buying an additional 48,177 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Tilray Brands in the third quarter worth approximately $30,000. 9.35% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Tilray Brands

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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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