Tilray Inc (NASDAQ:TLRY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $108.27 and last traded at $100.50, with a volume of 267295 shares changing hands. The stock had previously closed at $103.30.

A number of equities analysts have recently weighed in on TLRY shares. Cowen started coverage on Tilray in a report on Monday, August 13th. They issued an “outperform” rating and a $34.00 target price on the stock. Roth Capital started coverage on Tilray in a report on Tuesday, August 14th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Northland Securities downgraded Tilray from an “outperform” rating to a “market perform” rating in a report on Thursday, September 6th.

Tilray (NASDAQ:TLRY) last issued its earnings results on Tuesday, August 28th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.08). The firm had revenue of $9.70 million during the quarter, compared to the consensus estimate of $9.01 million. The business’s quarterly revenue was up 94.0% on a year-over-year basis. sell-side analysts anticipate that Tilray Inc will post -0.45 earnings per share for the current fiscal year.

In other news, insider Brendan Kennedy purchased 14,706 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was acquired at an average price of $17.00 per share, with a total value of $250,002.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Edward Wood Pastorius, Jr. purchased 14,705 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was purchased at an average cost of $17.00 per share, with a total value of $249,985.00. The disclosure for this purchase can be found here.

Tilray Company Profile (NASDAQ:TLRY)

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 was incorporated in 2018 and is headquartered in Nanaimo, Canada.

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