Brilliant Earth Group’s (BRLT) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a research report report published on Thursday,Benzinga reports. They currently have a $2.00 price target on the stock.

Brilliant Earth Group Stock Down 7.9%

BRLT opened at $1.75 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.81 and a current ratio of 2.27. Brilliant Earth Group has a fifty-two week low of $1.25 and a fifty-two week high of $2.73. The firm’s fifty day moving average is $1.46 and its 200 day moving average is $1.50. The stock has a market cap of $173.79 million, a price-to-earnings ratio of -58.33 and a beta of 1.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRLT. Klingman & Associates LLC increased its holdings in Brilliant Earth Group by 61.5% in the 2nd quarter. Klingman & Associates LLC now owns 148,273 shares of the company’s stock valued at $204,000 after acquiring an additional 56,451 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Brilliant Earth Group by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 129,400 shares of the company’s stock valued at $272,000 after acquiring an additional 7,400 shares during the last quarter. Northern Trust Corp increased its holdings in Brilliant Earth Group by 64.0% in the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock valued at $153,000 after acquiring an additional 28,505 shares during the last quarter. Mariner LLC bought a new stake in Brilliant Earth Group in the 4th quarter valued at $105,000. Finally, Millennium Management LLC bought a new stake in Brilliant Earth Group in the 4th quarter valued at $65,000. Hedge funds and other 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. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.