Brilliant Earth Group (NASDAQ:BRLT) Receives “Market Perform” Rating from Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They currently have a $2.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 29.03% from the company’s previous close.

BRLT has been the topic of a number of other research reports. Wall Street Zen lowered Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brilliant Earth Group has a consensus rating of “Hold” and an average price target of $2.50.

Brilliant Earth Group Price Performance

Brilliant Earth Group stock opened at $1.55 on Monday. Brilliant Earth Group has a fifty-two week low of $1.26 and a fifty-two week high of $3.10. The firm has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $2.05. The firm has a market cap of $154.61 million, a price-to-earnings ratio of -51.67 and a beta of 1.40.

Insider Buying and Selling

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 19,687 shares of Brilliant Earth Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $1.37, for a total transaction of $26,971.19. Following the sale, the insider owned 446,736 shares in the company, valued at $612,028.32. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 83.90% of the stock is currently owned by company insiders.

Institutional Trading of Brilliant Earth Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BRLT. Virtu Financial LLC acquired a new stake in Brilliant Earth Group in the 3rd quarter valued at about $32,000. Algert Global LLC bought a new position in shares of Brilliant Earth Group in the 3rd quarter worth $40,000. Squarepoint Ops LLC acquired a new position in shares of Brilliant Earth Group during the 3rd quarter worth about $81,000. Millennium Management LLC bought a new position in shares of Brilliant Earth Group during the third quarter worth $84,000. Finally, Kapitalo Investimentos Ltda grew its stake in Brilliant Earth Group by 234.0% in the third quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after acquiring an additional 31,851 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.

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.