Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) has been assigned a consensus rating of “Reduce” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $1.7375.
Several research firms have recently commented on BRLT. Jefferies Financial Group reissued a “hold” rating and issued a $1.85 price objective on shares of Brilliant Earth Group in a research note on Thursday, March 5th. TD Cowen lowered 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 note on Friday, March 6th. B. Riley Financial reaffirmed a “neutral” rating and issued a $1.50 target price (down from $3.00) on shares of Brilliant Earth Group in a report on Friday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a report on Monday, March 2nd. Finally, Morgan Stanley lowered shares of Brilliant Earth Group to a “sector weight” rating in a research report on Friday, March 6th.
View Our Latest Stock Report on BRLT
Institutional Inflows and Outflows
Brilliant Earth Group Stock Performance
NASDAQ:BRLT opened at $1.15 on Wednesday. The company has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.50. The stock has a market capitalization of $116.28 million, a PE ratio of -3.71 and a beta of 1.36. Brilliant Earth Group has a fifty-two week low of $1.11 and a fifty-two week high of $3.10.
Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. The company had revenue of $99.50 million during the quarter, compared to analysts’ expectations of $98.16 million. Research analysts forecast that Brilliant Earth Group will post -0.04 earnings per share for the current year.
About Brilliant Earth Group
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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