Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $5.00 at JPMorgan Chase & Co.

Brilliant Earth Group (NASDAQ:BRLT – Get Rating) had its price target cut by JPMorgan Chase & Co. from $6.00 to $5.00 in a research report released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

BRLT has been the subject of a number of other research reports. Telsey Advisory Group reduced their price objective on shares of Brilliant Earth Group from $12.00 to $8.00 and set an outperform rating for the company in a research note on Thursday, March 9th. Raymond James cut their price target on shares of Brilliant Earth Group from $9.00 to $7.00 and set an outperform rating on the stock in a report on Thursday. Piper Sandler cut their price target on shares of Brilliant Earth Group from $7.50 to $6.00 in a report on Thursday. Finally, KeyCorp cut their price target on shares of Brilliant Earth Group from $10.00 to $8.00 and set an overweight rating on the stock in a report on Monday, January 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brilliant Earth Group has an average rating of Moderate Buy and a consensus price target of $7.50.

Brilliant Earth Group Stock Performance

Shares of NASDAQ:BRLT opened at $3.92 on Thursday. The company has a market capitalization of $374.36 million, a price-to-earnings ratio of 24.50 and a beta of 1.83. Brilliant Earth Group has a 52 week low of $3.60 and a 52 week high of $11.21. The company has a quick ratio of 2.10, a current ratio of 2.62 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $4.91 and a 200 day moving average of $5.64.

Institutional Investors Weigh In On Brilliant Earth Group

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of Brilliant Earth Group during the first quarter valued at $38,000. UBS Group AG grew its holdings in shares of Brilliant Earth Group by 6,047.0% during the fourth quarter. UBS Group AG now owns 6,147 shares of the company’s stock valued at $26,000 after buying an additional 6,047 shares during the last quarter. Orion Capital Management LLC grew its holdings in shares of Brilliant Earth Group by 200.0% during the fourth quarter. Orion Capital Management LLC now owns 9,000 shares of the company’s stock valued at $39,000 after buying an additional 6,000 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Brilliant Earth Group by 4,234.1% during the first quarter. Bank of America Corp DE now owns 9,145 shares of the company’s stock valued at $94,000 after buying an additional 8,934 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Brilliant Earth Group during the fourth quarter valued at $43,000. 6.76% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Company Profile

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Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of 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.