Brilliant Earth Group (NASDAQ:BRLT) Receives Outperform Rating from Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued on Friday, Benzinga reports. They currently have a $4.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 49.53% from the company’s previous close.

A number of other research firms have also issued reports on BRLT. KeyCorp decreased their target price on Brilliant Earth Group from $6.00 to $3.00 and set an “overweight” rating for the company in a report on Monday, April 29th. TD Cowen lowered their price objective on 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

Shares of Brilliant Earth Group stock opened at $2.68 on Friday. The stock has a market capitalization of $261.78 million, a price-to-earnings ratio of 53.50 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 business has a 50-day moving average of $2.78 and a 200 day moving average of $2.92. Brilliant Earth Group has a 12 month low of $2.04 and a 12 month high of $4.29.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.51% and a return on equity of 7.19%. The business had revenue of $124.30 million during the quarter, compared to analyst estimates of $125.10 million. As a group, sell-side analysts forecast that Brilliant Earth Group will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Brilliant Earth Group

Large investors have recently bought and sold shares of the business. Mainsail Management Company LLC purchased a new position in shares of Brilliant Earth Group in the 3rd quarter valued at about $94,299,000. Federated Hermes Inc. raised its holdings in Brilliant Earth Group by 7.1% during the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock worth $354,000 after purchasing an additional 7,920 shares in the last quarter. Finally, Avestar Capital LLC raised its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

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.