Brilliant Earth Group (NASDAQ:BRLT) Upgraded at Wall Street Zen

Brilliant Earth Group (NASDAQ:BRLT) was upgraded by analysts at Wall Street Zen to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on BRLT. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a research report on Thursday, August 7th. Cowen reaffirmed a “hold” rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Finally, Zacks Research raised shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1.80.

Brilliant Earth Group Trading Down 8.2%

Shares of NASDAQ:BRLT opened at $2.47 on Friday. The company has a market cap of $246.38 million, a price-to-earnings ratio of -82.33 and a beta of 1.45. The company has a 50-day moving average price of $2.10 and a 200 day moving average price of $1.67. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.10.

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Klingman & Associates LLC lifted its stake in shares of Brilliant Earth Group by 61.5% during the second 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. Millennium Management LLC acquired a new stake in shares of Brilliant Earth Group during the fourth quarter worth $65,000. Jane Street Group LLC acquired a new stake in shares of Brilliant Earth Group during the fourth quarter worth $25,000. Finally, Northern Trust Corp lifted its stake in shares of Brilliant Earth Group by 64.0% during the fourth 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. 70.41% of the stock is currently owned by institutional investors and hedge funds.

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.