Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives $2.20 Average PT from Brokerages

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $2.20.

A number of analysts have commented on BRLT shares. Wall Street Zen cut shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. Zacks Research raised Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. B. Riley began coverage on Brilliant Earth Group in a report on Tuesday, October 7th. They set a “buy” rating and a $3.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Brilliant Earth Group

A number of hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Brilliant Earth Group in the third quarter worth $32,000. Algert Global LLC purchased a new position in shares of Brilliant Earth Group in the third quarter valued at about $40,000. Kapitalo Investimentos Ltda boosted its stake in shares of Brilliant Earth Group by 234.0% in the third quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock worth $94,000 after acquiring an additional 31,851 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Brilliant Earth Group by 257.0% in the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after acquiring an additional 37,774 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Brilliant Earth Group during the third quarter worth about $81,000. 70.41% of the stock is currently owned by institutional investors.

Brilliant Earth Group Price Performance

NASDAQ BRLT opened at $1.69 on Friday. Brilliant Earth Group has a 1-year low of $1.25 and a 1-year high of $3.10. The stock has a market capitalization of $168.58 million, a price-to-earnings ratio of -56.33 and a beta of 1.41. The business’s fifty day moving average price is $1.89 and its 200-day moving average price is $2.04.

Brilliant Earth Group (NASDAQ:BRLT) last announced its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%.The business had revenue of $110.25 million for the quarter, compared to analysts’ expectations of $109.10 million. Equities research analysts anticipate that Brilliant Earth Group will post -0.02 EPS for the current year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.