Brokerages Set Brilliant Earth Group, Inc. (NASDAQ:BRLT) Target Price at $1.74

Brilliant Earth Group, Inc. (NASDAQ:BRLTGet 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

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Brilliant Earth Group during the 3rd quarter worth approximately $32,000. Algert Global LLC bought a new position in Brilliant Earth Group during the third quarter worth $40,000. Renaissance Technologies LLC lifted its stake in Brilliant Earth Group by 11.2% during the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after purchasing an additional 22,000 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Brilliant Earth Group by 58.0% during the fourth quarter. Squarepoint Ops LLC now owns 62,103 shares of the company’s stock worth $109,000 after purchasing an additional 22,793 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Brilliant Earth Group by 257.0% during the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after purchasing an additional 37,774 shares during the period. Institutional investors and hedge funds own 70.41% of the company’s stock.

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:BRLTGet 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

(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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