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

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.50.

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

Insider Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 19,687 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $1.37, for a total value of $26,971.19. Following the completion of the sale, the insider directly owned 446,736 shares of the company’s stock, valued at $612,028.32. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 83.90% of the company’s stock.

Institutional Trading of Brilliant Earth Group

Several institutional investors have recently made changes to their positions in BRLT. Virtu Financial LLC purchased a new stake in Brilliant Earth Group during the 3rd quarter valued at approximately $32,000. Algert Global LLC bought a new position in shares of Brilliant Earth Group during the 3rd quarter valued at about $40,000. Squarepoint Ops LLC purchased a new position in shares of Brilliant Earth Group during the third quarter valued at about $81,000. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group in the third quarter worth about $84,000. Finally, Kapitalo Investimentos Ltda lifted its position 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 buying an additional 31,851 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Trading Up 8.6%

Shares of NASDAQ BRLT opened at $1.65 on Monday. Brilliant Earth Group has a 12-month low of $1.26 and a 12-month high of $3.10. The firm has a market capitalization of $164.59 million, a price-to-earnings ratio of -55.00 and a beta of 1.40. The firm has a 50 day moving average of $1.62 and a 200 day moving average of $2.03.

About Brilliant Earth Group

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.