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

Telsey Advisory Group reaffirmed their market perform rating on shares of Brilliant Earth Group (NASDAQ:BRLT - Free Report) in a research note published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $2.00 price target on the stock. Telsey Advisory Group also issued estimates for Brilliant Earth Group's Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.03) EPS and FY2026 earnings at $0.00 EPS.

Separately, Jefferies Financial Group lowered shares of Brilliant Earth Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $4.00 to $1.60 in a research note on Tuesday, February 4th.

Brilliant Earth Group Stock Performance

Shares of BRLT stock traded down $0.02 during trading hours on Tuesday, reaching $1.54. The company had a trading volume of 24,682 shares, compared to its average volume of 65,523. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. The business has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.69. Brilliant Earth Group has a one year low of $1.25 and a one year high of $2.74. The firm has a market cap of $153.06 million, a PE ratio of 51.35 and a beta of 1.44.

Insider Buying and Selling at Brilliant Earth Group

In related news, insider Sharon Dziesietnik sold 20,792 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now owns 371,329 shares of the company's stock, valued at approximately $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 84.70% of the company's stock.

Institutional Trading of Brilliant Earth Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRLT. Jane Street Group LLC bought a new stake in shares of Brilliant Earth Group during the 4th quarter valued at $25,000. XTX Topco Ltd purchased a new position in Brilliant Earth Group during the fourth quarter valued at $38,000. Millennium Management LLC bought a new stake in Brilliant Earth Group during the fourth quarter valued at about $65,000. Impact Investors Inc purchased a new stake in Brilliant Earth Group in the fourth quarter worth about $103,000. Finally, Mariner LLC purchased a new stake in Brilliant Earth Group in the fourth quarter worth about $105,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

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.