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

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has received a consensus recommendation of “Reduce” from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1.7375.

Several analysts have recently issued reports on BRLT shares. Jefferies Financial Group reiterated a “hold” rating and issued a $1.85 price objective on shares of Brilliant Earth Group in a research note on Thursday, March 5th. Weiss Ratings cut Brilliant Earth Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. KeyCorp restated a “sector weight” rating on shares of Brilliant Earth Group in a report on Friday, March 6th. Morgan Stanley lowered Brilliant Earth Group to a “sector weight” rating in a research report on Friday, March 6th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $1.50 price objective (down from $3.00) on shares of Brilliant Earth Group in a research note on Friday, March 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $32,000. Algert Global LLC purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter worth $40,000. Squarepoint Ops LLC purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter worth $81,000. Millennium Management LLC acquired a new position in shares of Brilliant Earth Group during the third quarter worth $84,000. Finally, Susquehanna International Group LLP increased its holdings in Brilliant Earth Group by 257.0% in the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after buying an additional 37,774 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

Brilliant Earth Group Stock Performance

Shares of BRLT opened at $1.23 on Wednesday. The company’s 50-day simple moving average is $1.31 and its 200-day simple moving average is $1.51. Brilliant Earth Group has a 1 year low of $1.11 and a 1 year high of $3.10. The stock has a market capitalization of $124.37 million, a PE ratio of -3.97 and a beta of 1.36.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. The company had revenue of $99.50 million for the quarter, compared to analyst estimates of $98.16 million. On average, sell-side analysts predict that Brilliant Earth Group will post -0.04 earnings per share for the current year.

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.