Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
BRLT has been the subject of several other research reports. B. Riley started coverage on shares of Brilliant Earth Group in a research note on Tuesday. They issued a "buy" rating and a $3.00 price objective for the company. Telsey Advisory Group restated a "market perform" rating and set a $2.00 target price on shares of Brilliant Earth Group in a report on Thursday, August 7th. Zacks Research upgraded shares of Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Wall Street Zen upgraded shares of Brilliant Earth Group to a "strong-buy" rating in a report on Saturday, September 20th. Finally, Cowen restated a "hold" rating on shares of Brilliant Earth Group in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Brilliant Earth Group presently has an average rating of "Hold" and a consensus target price of $2.20.
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Brilliant Earth Group Stock Up 10.0%
Shares of NASDAQ BRLT traded up $0.22 during midday trading on Wednesday, hitting $2.41. The company had a trading volume of 223,970 shares, compared to its average volume of 421,306. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $3.10. The business has a 50-day simple moving average of $2.24 and a two-hundred day simple moving average of $1.74. The firm has a market capitalization of $240.40 million, a price-to-earnings ratio of -80.33 and a beta of 1.37.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Brilliant Earth Group stock. Millennium Management LLC bought a new position in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,082 shares of the company's stock, valued at approximately $65,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.
About Brilliant Earth Group
(
Get Free Report)
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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