Brokerages Set Brilliant Earth Group, Inc. (NASDAQ:BRLT) Target Price at $2.50

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been given an average rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.50.

BRLT has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research report on Wednesday, November 5th. Finally, Wall Street Zen cut shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th.

Brilliant Earth Group Stock Performance

Shares of NASDAQ BRLT opened at $1.50 on Thursday. The company has a market cap of $149.63 million, a P/E ratio of -50.00 and a beta of 1.41. Brilliant Earth Group has a 52-week low of $1.25 and a 52-week high of $3.10. The firm’s fifty day moving average is $1.74 and its two-hundred day moving average is $2.06.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $110.25 million during the quarter, compared to analyst estimates of $109.10 million. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%. As a group, analysts forecast that Brilliant Earth Group will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Brilliant Earth Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRLT. Virtu Financial LLC purchased a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $32,000. Algert Global LLC purchased a new stake in Brilliant Earth Group during the 3rd quarter valued at $40,000. Squarepoint Ops LLC bought a new stake in Brilliant Earth Group in the third quarter worth $81,000. Millennium Management LLC purchased a new position in Brilliant Earth Group during the third quarter worth $84,000. Finally, Kapitalo Investimentos Ltda increased its position in Brilliant Earth Group by 234.0% during the third quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after acquiring an additional 31,851 shares during the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

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.