Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $6.00 at KeyCorp

Brilliant Earth Group (NASDAQ:BRLT – Get Rating) had its price objective decreased by KeyCorp from $8.00 to $6.00 in a research report report published on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research firms have also recently issued reports on BRLT. JPMorgan Chase & Co. reduced their price objective on Brilliant Earth Group from $6.00 to $5.00 and set a neutral rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on Brilliant Earth Group from $7.50 to $6.00 in a research report on Thursday. Credit Suisse Group cut their target price on Brilliant Earth Group from $10.00 to $8.00 and set an outperform rating on the stock in a report on Thursday. Raymond James cut their target price on Brilliant Earth Group from $9.00 to $7.00 and set an outperform rating on the stock in a report on Thursday. Finally, Telsey Advisory Group restated an outperform rating and set a $8.00 target price on shares of Brilliant Earth Group in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $7.50.

Brilliant Earth Group Price Performance

BRLT opened at $3.92 on Thursday. The stock has a market cap of $374.36 million, a price-to-earnings ratio of 24.50 and a beta of 1.83. Brilliant Earth Group has a 1 year low of $3.60 and a 1 year high of $11.21. The company has a current ratio of 2.62, a quick ratio of 2.10 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $4.91 and a 200 day moving average price of $5.64.

Hedge Funds Weigh In On Brilliant Earth Group

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of Brilliant Earth Group in the first quarter worth about $38,000. UBS Group AG increased its stake in shares of Brilliant Earth Group by 6,047.0% in the fourth quarter. UBS Group AG now owns 6,147 shares of the company’s stock worth $26,000 after purchasing an additional 6,047 shares during the period. Orion Capital Management LLC increased its stake in Brilliant Earth Group by 200.0% during the fourth quarter. Orion Capital Management LLC now owns 9,000 shares of the company’s stock valued at $39,000 after acquiring an additional 6,000 shares during the period. Bank of America Corp DE increased its stake in Brilliant Earth Group by 4,234.1% during the first quarter. Bank of America Corp DE now owns 9,145 shares of the company’s stock valued at $94,000 after acquiring an additional 8,934 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Brilliant Earth Group during the fourth quarter valued at about $43,000. 6.76% of the stock is currently owned by institutional investors.

About Brilliant Earth Group

(Get Rating)

Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.