Analysts Set Brilliant Earth Group, Inc. (NASDAQ:BRLT) PT at $1.80

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has received an average recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $1.80.

A number of analysts have commented on BRLT shares. Wall Street Zen raised shares of Brilliant Earth Group to a “strong-buy” rating in a report on Saturday, September 20th. Zacks Research upgraded Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research note on Thursday, August 7th. Cowen reiterated a “hold” rating on shares of Brilliant Earth Group in a report on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Brilliant Earth Group in a report on Saturday, September 27th.

Brilliant Earth Group Price Performance

Shares of NASDAQ:BRLT opened at $2.03 on Friday. The stock has a market cap of $202.50 million, a price-to-earnings ratio of -67.67 and a beta of 1.37. The company has a 50 day moving average of $2.22 and a 200-day moving average of $1.73. Brilliant Earth Group has a one year low of $1.25 and a one year high of $3.10.

Brilliant Earth Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 22nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 22nd. Brilliant Earth Group’s dividend payout ratio (DPR) is presently -833.33%.

Institutional Investors Weigh In On Brilliant Earth Group

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Brilliant Earth Group during the fourth quarter worth $25,000. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at $65,000. Finally, Klingman & Associates LLC raised its stake in 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. 70.41% of the stock is currently owned by institutional investors and hedge funds.

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.