Brilliant Earth Group's (BRLT) "Market Perform" Rating Reiterated 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 report issued to clients and investors on Monday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group's price target indicates a potential upside of 41.84% from the stock's previous close.

Brilliant Earth Group Price Performance

Brilliant Earth Group stock opened at $1.41 on Monday. The business's fifty day moving average is $1.47 and its two-hundred day moving average is $1.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. The firm has a market cap of $140.03 million, a P/E ratio of 47.02 and a beta of 1.35. Brilliant Earth Group has a 52 week low of $1.25 and a 52 week high of $2.68.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $93.88 million for the quarter, compared to analyst estimates of $94.42 million. Brilliant Earth Group had a return on equity of 3.09% and a net margin of 0.50%. Equities research analysts forecast that Brilliant Earth Group will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRLT. Jane Street Group LLC bought a new position in shares of Brilliant Earth Group in the 4th quarter valued at about $25,000. XTX Topco Ltd acquired a new stake in shares of Brilliant Earth Group during the fourth quarter worth $38,000. Millennium Management LLC acquired a new position in shares of Brilliant Earth Group during the fourth quarter worth about $65,000. Impact Investors Inc acquired a new position in Brilliant Earth Group during the 4th quarter worth approximately $103,000. Finally, Mariner LLC bought a new position in shares of Brilliant Earth Group during the 4th quarter worth approximately $105,000. 70.41% of the stock is currently owned by institutional investors.

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.

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