Brilliant Earth Group (NASDAQ:BRLT) Now Covered by B. Riley

Key Points

• B. Riley has initiated coverage on Brilliant Earth Group (NASDAQ: BRLT) with a "buy" rating, while other analysts have varying ratings, including a "strong-buy" from Wall Street Zen.
• Brilliant Earth Group shares opened at $2.19, with a 1-year price range between $1.25 and $3.10, and a market cap of approximately $218.45 million.
• Institutional investors and hedge funds own 70.41% of Brilliant Earth Group stock, with Millennium Management recently acquiring over 31,000 shares valued at around $65,000.

Equities research analysts at B. Riley assumed coverage on shares of Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a "buy" rating on the stock.

Several other equities research analysts have also issued reports on BRLT. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 target price on shares of Brilliant Earth Group in a research report on Thursday, August 7th. Cowen reiterated a "hold" rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Brilliant Earth Group in a research note on Saturday, September 27th. Wall Street Zen raised shares of Brilliant Earth Group to a "strong-buy" rating in a research note on Saturday, September 20th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.20.

Brilliant Earth Group Price Performance

Shares of Brilliant Earth Group stock opened at $2.19 on Monday. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $3.10. The firm has a market cap of $218.45 million, a PE ratio of -73.00 and a beta of 1.37. The company has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $1.74.

Institutional Trading of Brilliant Earth Group

A hedge fund recently bought a new stake in Brilliant Earth Group stock. Millennium Management LLC purchased a new stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 31,082 shares of the company's stock, valued at approximately $65,000. Institutional investors and hedge funds 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.