Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "strong-buy" rating in a report released on Saturday.
Several other brokerages also recently commented on BRLT. Zacks Research raised Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Cowen restated a "hold" rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research report on Thursday, August 7th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.80.
Get Our Latest Report on Brilliant Earth Group
Brilliant Earth Group Stock Up 1.3%
Shares of NASDAQ BRLT traded up $0.03 during mid-day trading on Friday, hitting $2.38. 15,344 shares of the company traded hands, compared to its average volume of 439,659. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $3.10. The stock has a market capitalization of $237.41 million, a price-to-earnings ratio of -79.50 and a beta of 1.44. The business has a 50 day moving average of $2.11 and a two-hundred day moving average of $1.68.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Brilliant Earth Group during the fourth quarter worth about $25,000. Millennium Management LLC bought a new stake in Brilliant Earth Group in the fourth quarter valued at approximately $65,000. Northern Trust Corp raised its stake in Brilliant Earth Group by 64.0% in the fourth quarter. Northern Trust Corp now owns 73,024 shares of the company's stock valued at $153,000 after buying an additional 28,505 shares during the period. Finally, Klingman & Associates LLC raised its stake in Brilliant Earth Group by 61.5% in the second 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 during the period. 70.41% of the stock is owned by institutional investors and hedge funds.
About Brilliant Earth Group
(
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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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