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

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1.74.

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

Insider Buying and Selling at Brilliant Earth Group

In other news, Director Gavin Turner sold 50,000 shares of the business’s stock in a transaction that occurred 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 link. Corporate insiders own 83.20% of the company’s stock.

Brilliant Earth Group Stock Performance

Shares of NASDAQ BRLT opened at $1.53 on Tuesday. Brilliant Earth Group has a fifty-two week low of $1.00 and a fifty-two week high of $2.90. The firm has a market capitalization of $155.79 million, a PE ratio of -5.28 and a beta of 1.42. The stock’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $1.27.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results 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 return on equity of 15.48% and a negative net margin of 0.66%. On average, sell-side analysts forecast that Brilliant Earth Group will post 0.02 earnings per share for the current fiscal year.

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.