Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) have received an average rating of “Reduce” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $1.7375.
Several brokerages recently commented on BRLT. TD Cowen decreased their price objective on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating for the company in a research report on Friday, March 6th. Morgan Stanley lowered shares of Brilliant Earth Group to a “sector weight” rating in a research report on Friday, March 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $1.85 price objective on shares of Brilliant Earth Group in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a research report on Wednesday, January 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Brilliant Earth Group in a research report on Friday, March 6th.
Check Out Our Latest Research Report on BRLT
Insider Activity at Brilliant Earth Group
Hedge Funds Weigh In On Brilliant Earth Group
A number of institutional investors have recently bought and sold shares of the business. Capital World Investors raised its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after buying an additional 122,460 shares during the last quarter. Vanguard Group Inc. raised its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after buying an additional 70,833 shares during the last quarter. Potomac Capital Management Inc. purchased a new position in Brilliant Earth Group during the 4th quarter worth approximately $422,000. Renaissance Technologies LLC raised its position in Brilliant Earth Group by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after buying an additional 22,000 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in Brilliant Earth Group during the 3rd quarter worth approximately $308,000. 70.41% of the stock is owned by hedge funds and other institutional investors.
Brilliant Earth Group Stock Down 4.0%
Shares of Brilliant Earth Group stock opened at $1.21 on Friday. The firm has a market capitalization of $122.34 million, a P/E ratio of -3.90 and a beta of 1.43. The company has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.64. Brilliant Earth Group has a 52 week low of $1.21 and a 52 week high of $3.10.
Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $99.50 million during the quarter, compared to analyst estimates of $98.16 million. Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. As a group, research analysts anticipate that Brilliant Earth Group will post -0.07 earnings per share for the current fiscal year.
Brilliant Earth Group Company Profile
Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.
Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.
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