KeyCorp Trims Brilliant Earth Group (NASDAQ:BRLT) Target Price to $3.00

Brilliant Earth Group (NASDAQ:BRLT) had its price objective reduced by KeyCorp from $6.00 to $3.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently weighed in on the company. TD Cowen reduced their target price on Brilliant Earth Group from $3.40 to $3.00 and set a market perform rating for the company in a report on Friday, March 15th. Telsey Advisory Group reissued an outperform rating and issued a $4.00 target price on shares of Brilliant Earth Group in a report on Friday, March 15th.

Brilliant Earth Group Trading Down 1.6 %

Shares of NASDAQ BRLT opened at $2.51 on Monday. Brilliant Earth Group has a twelve month low of $2.04 and a twelve month high of $4.29. The stock has a market capitalization of $245.63 million, a PE ratio of 50.21 and a beta of 1.61. The company has a current ratio of 2.66, a quick ratio of 2.17 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.93.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Thursday, March 14th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. On average, equities analysts forecast that Brilliant Earth Group will post 0.01 earnings per share for the current year.

Institutional Trading of Brilliant Earth Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avestar Capital LLC raised its stake in Brilliant Earth Group by 25.0% during the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock valued at $93,000 after acquiring an additional 5,000 shares during the last quarter. Federated Hermes Inc. raised its stake in Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock valued at $354,000 after acquiring an additional 7,920 shares during the last quarter. Finally, Mainsail Management Company LLC purchased a new position in shares of Brilliant Earth Group during the 3rd quarter worth approximately $94,299,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells 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. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.