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

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group's price target indicates a potential upside of 30.29% from the company's previous close.

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

Brilliant Earth Group Stock Performance

Shares of NASDAQ BRLT traded down $0.02 during midday trading on Tuesday, hitting $1.54. 3,350 shares of the company's stock were exchanged, compared to its average volume of 69,444. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $152.56 million, a PE ratio of 51.18 and a beta of 1.43. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $2.74. The company's 50 day moving average price is $1.47 and its 200 day moving average price is $1.68.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). Brilliant Earth Group had a return on equity of 3.09% and a net margin of 0.50%. As a group, analysts predict that Brilliant Earth Group will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the company'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 transaction of $31,188.00. Following the completion of the sale, the insider now owns 371,329 shares of the company's stock, valued at approximately $556,993.50. This represents a 5.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 84.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brilliant Earth Group

Several hedge funds and other institutional investors have recently modified their holdings of BRLT. Jane Street Group LLC acquired a new stake in Brilliant Earth Group in the fourth quarter valued at about $25,000. XTX Topco Ltd bought a new position in shares of Brilliant Earth Group in the fourth quarter worth about $38,000. Millennium Management LLC acquired a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $65,000. Impact Investors Inc bought a new stake in shares of Brilliant Earth Group during the 4th quarter valued at approximately $103,000. Finally, Mariner LLC acquired a new position in Brilliant Earth Group during the 4th quarter worth approximately $105,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.