Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Has Average Price Target of $1.74 According to Brokerages

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been assigned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $1.74.

Separately, Weiss Ratings raised shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th.

Brilliant Earth Group Stock Up 0.7%

NASDAQ:BRLT opened at $1.48 on Tuesday. Brilliant Earth Group has a 52 week low of $1.00 and a 52 week high of $2.90. The stock’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.28. The company has a market capitalization of $150.69 million, a P/E ratio of -5.10 and a beta of 1.42.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $115.11 million during the quarter, compared to analysts’ expectations of $111.39 million. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. Sell-side analysts anticipate that Brilliant Earth Group will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brilliant Earth Group news, Director Gavin Turner sold 50,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $1.29, for a total transaction of $64,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 83.20% of the stock is currently owned by corporate insiders.

About Brilliant Earth Group

Brilliant Earth Group, Inc is a digitally native, omnichannel fine jewelry company operating under the Brilliant Earth brand. The company sells engagement rings, wedding bands, fine jewelry, and other diamond and gemstone products through its website and a network of showrooms in the United States.

Its product offerings include jewelry featuring natural and lab-grown diamonds, colored gemstones, and precious metals. Brilliant Earth emphasizes customization and provides customers with options related to diamond sourcing, including information about origin and traceability.