Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $9.00 at Raymond James

Brilliant Earth Group (NASDAQ:BRLTGet Rating) had its price objective cut by Raymond James from $10.00 to $9.00 in a research note issued to investors on Friday, The Fly reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on BRLT. Telsey Advisory Group reiterated an outperform rating on shares of Brilliant Earth Group in a report on Friday, November 4th. KeyCorp upped their price objective on shares of Brilliant Earth Group from $8.00 to $10.00 and gave the company an overweight rating in a report on Friday, August 12th. William Blair restated an outperform rating on shares of Brilliant Earth Group in a research note on Friday, November 4th. Credit Suisse Group decreased their price target on shares of Brilliant Earth Group from $13.00 to $10.00 and set an outperform rating on the stock in a research note on Friday, August 12th. Finally, Piper Sandler cut shares of Brilliant Earth Group from an overweight rating to a neutral rating in a research report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Brilliant Earth Group currently has a consensus rating of Moderate Buy and an average price target of $12.75.

Brilliant Earth Group Price Performance

NASDAQ:BRLT opened at $5.98 on Friday. Brilliant Earth Group has a one year low of $3.60 and a one year high of $20.39. The company has a market cap of $570.22 million, a P/E ratio of 29.90 and a beta of 2.30. The firm’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $6.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.69 and a quick ratio of 2.21.

Brilliant Earth Group (NASDAQ:BRLTGet Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Brilliant Earth Group had a net margin of 2.90% and a return on equity of 26.28%. The firm had revenue of $108.81 million for the quarter, compared to the consensus estimate of $107.51 million. Equities analysts expect that Brilliant Earth Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BRLT. Victory Capital Management Inc. bought a new position in shares of Brilliant Earth Group in the first quarter worth about $1,013,000. GAM Holding AG increased its position in Brilliant Earth Group by 89.6% during the 1st quarter. GAM Holding AG now owns 1,488,460 shares of the company’s stock valued at $15,316,000 after purchasing an additional 703,460 shares during the period. JPMorgan Chase & Co. acquired a new stake in Brilliant Earth Group during the 1st quarter valued at approximately $173,000. Bank of Montreal Can acquired a new stake in Brilliant Earth Group during the 1st quarter valued at approximately $1,230,000. Finally, Acadian Asset Management LLC acquired a new stake in Brilliant Earth Group during the 1st quarter valued at approximately $38,000. Institutional investors own 6.26% of the company’s stock.

About Brilliant Earth Group

(Get Rating)

Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.

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Analyst Recommendations for Brilliant Earth Group (NASDAQ:BRLT)

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