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

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $2.20.

Several analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. B. Riley initiated coverage on Brilliant Earth Group in a report on Tuesday, October 7th. They issued a “buy” rating and a $3.00 price target on the stock. Zacks Research upgraded Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price target on shares of Brilliant Earth Group in a research note on Wednesday, November 5th.

Brilliant Earth Group Price Performance

Shares of BRLT opened at $1.75 on Wednesday. The company has a market capitalization of $174.56 million, a P/E ratio of -58.33 and a beta of 1.41. Brilliant Earth Group has a one year low of $1.25 and a one year high of $3.10. The business’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $2.00.

Brilliant Earth Group (NASDAQ:BRLT) last announced its earnings results on Wednesday, June 12th. The company reported $0.03 earnings per share for the quarter. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%.The company had revenue of $97.70 million during the quarter. On average, sell-side analysts anticipate that Brilliant Earth Group will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors increased its stake in Brilliant Earth Group by 13.2% in the third quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after purchasing an additional 122,460 shares in the last quarter. Vanguard Group Inc. grew its stake in Brilliant Earth Group by 13.2% in 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 period. Two Sigma Investments LP acquired a new stake in shares of Brilliant Earth Group during the third quarter worth about $308,000. Klingman & Associates LLC lifted its holdings in shares of Brilliant Earth Group by 61.5% during the 2nd quarter. Klingman & Associates LLC now owns 148,273 shares of the company’s stock valued at $204,000 after purchasing an additional 56,451 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Brilliant Earth Group by 257.0% during the 3rd 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 in the last quarter. Institutional investors own 70.41% of the company’s stock.

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.