Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Consensus Rating of “Hold” from Analysts

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $2.50.

Several research analysts recently issued reports on BRLT shares. Wall Street Zen cut shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. Finally, Zacks Research raised Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th.

Insider Activity

In related news, insider Sharon Dziesietnik sold 19,687 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $1.37, for a total value of $26,971.19. Following the completion of the sale, the insider owned 446,736 shares in the company, valued at $612,028.32. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 83.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRLT. Capital World Investors boosted its stake in shares of 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 in the last quarter. Susquehanna International Group LLP boosted its position in Brilliant Earth Group by 257.0% during the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after purchasing an additional 37,774 shares in the last quarter. Potomac Capital Management Inc. acquired a new stake in Brilliant Earth Group in the fourth quarter valued at $422,000. Virtu Financial LLC purchased a new position in shares of Brilliant Earth Group in the third quarter valued at $32,000. Finally, Algert Global LLC acquired a new position in shares of Brilliant Earth Group during the 3rd quarter worth $40,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Stock Performance

Shares of BRLT opened at $1.55 on Monday. The stock has a market capitalization of $154.61 million, a P/E ratio of -51.67 and a beta of 1.40. Brilliant Earth Group has a 1 year low of $1.26 and a 1 year high of $3.10. The company’s fifty day moving average is $1.63 and its two-hundred day moving average is $2.05.

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.