Brilliant Earth Group (NASDAQ:BRLT) Rating Reiterated by Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a note issued to investors on Friday, Benzinga reports. They presently have a $4.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 53.26% from the company’s current price.

BRLT has been the subject of a number of other research reports. TD Cowen reduced their target price on Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating for the company in a report on Friday, March 15th. KeyCorp dropped their price target on Brilliant Earth Group from $6.00 to $3.00 and set an “overweight” rating for the company in a research report on Monday, April 29th.

Brilliant Earth Group Price Performance

BRLT stock opened at $2.61 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $255.41 million, a PE ratio of 52.21 and a beta of 1.63. Brilliant Earth Group has a twelve month low of $2.04 and a twelve month high of $4.29. The stock has a 50-day simple moving average of $2.80 and a two-hundred day simple moving average of $2.93.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results on Thursday, March 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $124.30 million during the quarter, compared to analyst estimates of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. On average, equities analysts predict that Brilliant Earth Group will post 0.01 EPS for the current fiscal year.

Institutional Trading of Brilliant Earth Group

Hedge funds have recently bought and sold shares of the company. Mainsail Management Company LLC bought a new stake in Brilliant Earth Group in the 3rd quarter worth approximately $94,299,000. Federated Hermes Inc. lifted its position in Brilliant Earth Group by 7.1% in the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock worth $354,000 after buying an additional 7,920 shares during the last quarter. Finally, Avestar Capital LLC lifted its position in Brilliant Earth Group by 25.0% in the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 70.41% of the company’s stock.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells 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. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.