Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "market perform" rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $2.00 price target on the stock. Telsey Advisory Group's target price would suggest a potential upside of 39.86% from the company's previous close.
Brilliant Earth Group Stock Performance
Shares of NASDAQ BRLT traded up $0.01 during midday trading on Monday, hitting $1.43. 20,143 shares of the company's stock were exchanged, compared to its average volume of 64,438. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $2.68. The firm has a market cap of $142.02 million, a P/E ratio of 47.68 and a beta of 1.35. The stock's 50 day moving average price is $1.46 and its 200-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27.
Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). The business had revenue of $93.88 million for the quarter, compared to analyst estimates of $94.42 million. Brilliant Earth Group had a net margin of 0.50% and a return on equity of 3.09%. Equities research analysts anticipate that Brilliant Earth Group will post -0.02 EPS for the current year.
Institutional Investors Weigh In On Brilliant Earth Group
Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth $65,000. Jane Street Group LLC acquired a new position in Brilliant Earth Group during the fourth quarter worth about $25,000. Northern Trust Corp lifted its holdings in Brilliant Earth Group by 64.0% in the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company's stock valued at $153,000 after acquiring an additional 28,505 shares during the last quarter. XTX Topco Ltd acquired a new stake in Brilliant Earth Group in the 4th quarter valued at about $38,000. Finally, Mariner LLC bought a new position in shares of Brilliant Earth Group during the 4th quarter valued at about $105,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Brilliant Earth Group Company Profile
(
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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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