Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives $1.74 Average Target Price from Analysts

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been given an average rating of “Reduce” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $1.7375.

A number of research firms have weighed in on BRLT. Jefferies Financial Group restated a “hold” rating and set a $1.85 target price on shares of Brilliant Earth Group in a report on Thursday, March 5th. TD Cowen lowered their target price on Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating for the company in a report on Friday, March 6th. B. Riley Financial reiterated a “neutral” rating and set a $1.50 price objective (down from $3.00) on shares of Brilliant Earth Group in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, January 21st. Finally, Morgan Stanley lowered Brilliant Earth Group to a “sector weight” rating in a report on Friday, March 6th.

Institutional Trading of Brilliant Earth Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its holdings in shares of Brilliant Earth Group by 58.0% during the 4th quarter. Squarepoint Ops LLC now owns 62,103 shares of the company’s stock valued at $109,000 after purchasing an additional 22,793 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Brilliant Earth Group by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock valued at $382,000 after purchasing an additional 22,000 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Brilliant Earth Group by 257.0% during the 3rd quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after purchasing an additional 37,774 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter valued at $308,000. Finally, Capital World Investors lifted its holdings 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 valued at $2,178,000 after purchasing an additional 122,460 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Stock Up 0.8%

Brilliant Earth Group stock opened at $1.23 on Friday. The business has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.61. The firm has a market cap of $124.37 million, a P/E ratio of -3.97 and a beta of 1.43. Brilliant Earth Group has a twelve month low of $1.11 and a twelve month high of $3.10.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $99.50 million during the quarter, compared to analyst estimates of $98.16 million. Brilliant Earth Group had a negative return on equity of 18.23% and a negative net margin of 0.71%. Equities analysts expect 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.