Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Consensus Rating of “Reduce” from Analysts

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been given an average rating of “Reduce” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.20.

Several research firms have recently weighed in on BRLT. Wall Street Zen lowered Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, October 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. Cowen reissued a “hold” rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Finally, Zacks Research lowered shares of Brilliant Earth Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th.

Hedge Funds Weigh In On Brilliant Earth Group

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

Brilliant Earth Group Price Performance

BRLT stock traded down $0.01 on Friday, hitting $1.67. 93,165 shares of the company were exchanged, compared to its average volume of 120,500. The stock has a market capitalization of $166.58 million, a price-to-earnings ratio of -55.67 and a beta of 1.39. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $3.10. The business’s fifty day moving average is $2.32 and its two-hundred day moving average is $1.93.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Wednesday, June 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $97.70 million during the quarter. Brilliant Earth Group had a net margin of 0.44% and a negative return on equity of 1.23%. Equities research analysts expect that Brilliant Earth Group will post -0.02 earnings per share for the current year.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.