Brilliant Earth Group's (BRLT) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated a "market perform" rating for Brilliant Earth Group (NASDAQ:BRLT) with a price target of $2.00, indicating a potential upside of 6.21% from the stock's previous close.
• Brilliant Earth Group's stock experienced significant trading activity, rising 36.4% to $1.88, with over 59 million shares traded compared to its average volume of 457,507.
• The company reported earnings per share of ($0.11) for the recent quarter, missing expectations by $0.10, and analysts predict an EPS of -0.02 for the current year.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $2.00 price target on the stock. Telsey Advisory Group's price target suggests a potential upside of 14.29% from the company's current price.

Brilliant Earth Group Trading Down 7.9%

NASDAQ BRLT traded down $0.15 during trading on Thursday, hitting $1.75. The stock had a trading volume of 1,370,236 shares, compared to its average volume of 3,054,203. The stock has a 50 day simple moving average of $1.46 and a 200 day simple moving average of $1.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.81 and a current ratio of 2.27. Brilliant Earth Group has a one year low of $1.25 and a one year high of $2.73. The stock has a market capitalization of $173.79 million, a price-to-earnings ratio of -58.33 and a beta of 1.35.

Institutional Trading of Brilliant Earth Group

Several institutional investors and hedge funds have recently modified their holdings of BRLT. Klingman & Associates LLC raised its stake in shares of Brilliant Earth Group by 61.5% during the second quarter. Klingman & Associates LLC now owns 148,273 shares of the company's stock valued at $204,000 after acquiring an additional 56,451 shares in the last quarter. Mariner LLC bought a new stake in shares of Brilliant Earth Group during the fourth quarter valued at approximately $105,000. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group during the fourth quarter valued at approximately $65,000. Northern Trust Corp raised its stake in shares of Brilliant Earth Group by 64.0% during the fourth quarter. Northern Trust Corp now owns 73,024 shares of the company's stock valued at $153,000 after acquiring an additional 28,505 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Brilliant Earth Group during the fourth quarter valued at approximately $38,000. Institutional investors own 70.41% of the company's stock.

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.