Brilliant Earth Group, Inc. (NASDAQ:BRLT) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts have given Brilliant Earth Group, Inc. (NASDAQ:BRLT) an average recommendation of "Reduce," with one analyst rating it a sell and four recommending a hold.
• The consensus 1-year price target for BRLT among analysts is $1.80.
• Brilliant Earth Group recently declared a dividend of $0.25 per share, which was paid on September 8th to shareholders of record on August 22nd.

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) have earned a consensus recommendation of "Reduce" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $1.80.

BRLT has been the subject of a number of research analyst reports. Zacks Research raised shares of Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Telsey Advisory Group restated a "market perform" rating and issued a $2.00 price target on shares of Brilliant Earth Group in a report on Thursday, August 7th. Wall Street Zen raised Brilliant Earth Group to a "strong-buy" rating in a research report on Saturday, September 20th. Cowen reissued a "hold" rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Brilliant Earth Group in a research note on Saturday, September 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRLT. Jane Street Group LLC acquired a new position in shares of Brilliant Earth Group during the 4th quarter worth about $25,000. Millennium Management LLC bought a new position in shares of Brilliant Earth Group during the fourth quarter worth approximately $65,000. Finally, Klingman & Associates LLC grew its holdings in Brilliant Earth Group by 61.5% in the 2nd quarter. Klingman & Associates LLC now owns 148,273 shares of the company's stock valued at $204,000 after buying an additional 56,451 shares in the last quarter. 70.41% of the stock is currently owned by institutional investors.

Brilliant Earth Group Stock Performance

BRLT stock traded down $0.04 during mid-day trading on Friday, hitting $2.03. 82,197 shares of the company were exchanged, compared to its average volume of 142,028. The firm's 50 day simple moving average is $2.22 and its 200 day simple moving average is $1.73. Brilliant Earth Group has a 1-year low of $1.25 and a 1-year high of $3.10.

Brilliant Earth Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 22nd.

Brilliant Earth Group Company Profile

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.

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