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 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

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.