Brilliant Earth Group (NASDAQ:BRLT) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a report published on Friday, Benzinga reports. They currently have a $4.00 target price on the stock.

Other analysts have also issued research reports about the stock. KeyCorp dropped their price target on shares of Brilliant Earth Group from $6.00 to $3.00 and set an overweight rating for the company in a research note on Monday, April 29th. TD Cowen dropped their target price on shares of Brilliant Earth Group from $3.40 to $3.00 and set a market perform rating for the company in a research report on Friday, March 15th.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT opened at $2.64 on Friday. Brilliant Earth Group has a 1-year low of $2.04 and a 1-year high of $4.29. The stock has a market cap of $258.35 million, a P/E ratio of 52.81 and a beta of 1.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 2.17. The firm has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.93.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $125.10 million. On average, research analysts expect that Brilliant Earth Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avestar Capital LLC raised its holdings in shares of Brilliant Earth Group by 25.0% during the fourth quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after purchasing an additional 5,000 shares during the period. Federated Hermes Inc. grew its position in shares of Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock valued at $354,000 after buying an additional 7,920 shares during the last quarter. Finally, Mainsail Management Company LLC acquired a new stake in Brilliant Earth Group during the third quarter worth about $94,299,000. 70.41% of the stock is owned by institutional investors and hedge funds.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells 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. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.