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

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLTGet Free Report) have been given a consensus recommendation of “Reduce” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $1.7375.

Separately, Weiss Ratings upgraded Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th.

Check Out Our Latest Report on Brilliant Earth Group

Institutional Trading of Brilliant Earth Group

Several hedge funds have recently modified their holdings of the company. Capital World Investors boosted its holdings in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after buying an additional 122,460 shares in the last quarter. Vanguard Group Inc. lifted its position in Brilliant Earth Group by 13.2% during the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock valued at $1,254,000 after acquiring an additional 70,833 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Brilliant Earth Group by 11.2% in the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock valued at $382,000 after acquiring an additional 22,000 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Brilliant Earth Group in the third quarter valued at approximately $308,000. Finally, Susquehanna International Group LLP grew its holdings in Brilliant Earth Group by 257.0% in the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after purchasing an additional 37,774 shares during the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Stock Down 2.7%

Brilliant Earth Group stock opened at $1.10 on Thursday. The business has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.34. The firm has a market cap of $111.22 million, a P/E ratio of -3.55 and a beta of 1.37. Brilliant Earth Group has a twelve month low of $1.00 and a twelve month high of $3.10.

Brilliant Earth Group (NASDAQ:BRLTGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Brilliant Earth Group had a negative return on equity of 18.23% and a negative net margin of 0.71%.The business had revenue of $99.50 million for the quarter, compared to the consensus estimate of $98.16 million. Equities analysts expect that Brilliant Earth Group will post -0.04 earnings per share for the current year.

About Brilliant Earth Group

(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.

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Analyst Recommendations for Brilliant Earth Group (NASDAQ:BRLT)

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