Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $2.20.

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

Brilliant Earth Group Stock Performance

NASDAQ:BRLT opened at $1.73 on Friday. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $3.10. The company has a 50-day moving average of $1.92 and a 200-day moving average of $2.03. The firm has a market cap of $172.57 million, a price-to-earnings ratio of -57.67 and a beta of 1.41.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Wednesday, June 12th. The company reported $0.03 EPS for the quarter. The business had revenue of $97.70 million during the quarter. Brilliant Earth Group had a net margin of 0.44% and a negative return on equity of 1.23%. On average, research analysts forecast that Brilliant Earth Group will post -0.02 earnings per share for the current year.

Institutional Trading of Brilliant Earth Group

Hedge funds have recently modified their holdings of the business. Klingman & Associates LLC boosted its position in shares of Brilliant Earth Group by 61.5% in the second quarter. Klingman & Associates LLC now owns 148,273 shares of the company’s stock worth $204,000 after buying an additional 56,451 shares during the period. Kapitalo Investimentos Ltda lifted its stake in Brilliant Earth Group by 234.0% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock worth $94,000 after acquiring an additional 31,851 shares in the last quarter. Vanguard Group Inc. boosted its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after acquiring an additional 70,833 shares during the period. Capital World Investors boosted its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after acquiring an additional 122,460 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Brilliant Earth Group during the 3rd quarter valued at about $81,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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.