Brilliant Earth Group (NASDAQ:BRLT) Upgraded at Zacks Research

Zacks Research upgraded shares of Brilliant Earth Group (NASDAQ:BRLT) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on BRLT. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a report on Thursday, August 7th. Cowen restated a “hold” rating on shares of Brilliant Earth Group in a report on Friday, August 8th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Brilliant Earth Group has a consensus rating of “Hold” and an average price target of $1.80.

Brilliant Earth Group Stock Down 3.4%

Shares of NASDAQ:BRLT opened at $2.30 on Monday. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.10. The company’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $1.66. The firm has a market cap of $229.43 million, a price-to-earnings ratio of -76.67 and a beta of 1.45.

Brilliant Earth Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group during the 4th quarter worth about $65,000. Northern Trust Corp boosted its holdings in shares of Brilliant Earth Group by 64.0% during the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock worth $153,000 after buying an additional 28,505 shares during the period. Klingman & Associates LLC boosted 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 worth $204,000 after buying an additional 56,451 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Brilliant Earth Group during the 4th quarter worth about $25,000. Institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

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.