Brilliant Earth Group, Inc. (NASDAQ:BRLT) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLTGet 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

In related news, insider Sharon Dziesietnik sold 19,687 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1.37, for a total value of $26,971.19. Following the completion of the transaction, the insider directly owned 446,736 shares of the company’s stock, valued at $612,028.32. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 83.90% of the stock is owned by insiders.

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:BRLTGet 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

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brilliant Earth Group (NASDAQ:BRLT)

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