Brilliant Earth Group's (BRLT) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Brilliant Earth Group's stock has been reaffirmed with a "Sell (D)" rating by Weiss Ratings, reflecting ongoing concerns from analysts.
• Despite the negative assessment from Weiss, other analysts have issued varying ratings, with B. Riley initiating a "Buy" rating and a $3.00 price target, while the consensus rating stands at "Hold" with a target of $2.20.
• Recent trading data shows Brilliant Earth Group's shares increased by $0.06, reaching $2.63, with a 12-month low of $1.25 and a high of $3.10.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

BRLT has been the topic of several other reports. B. Riley initiated coverage on shares of Brilliant Earth Group in a report on Tuesday, October 7th. They set a "buy" rating and a $3.00 price target on the stock. Telsey Advisory Group restated a "market perform" rating and set a $2.00 price target on shares of Brilliant Earth Group in a report on Thursday, August 7th. Cowen restated a "hold" rating on shares of Brilliant Earth Group in a report on Friday, August 8th. Wall Street Zen upgraded shares of Brilliant Earth Group to a "strong-buy" rating in a report on Saturday, September 20th. Finally, Zacks Research upgraded shares of Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.20.

Brilliant Earth Group Price Performance

Shares of NASDAQ:BRLT traded up $0.06 during midday trading on Friday, hitting $2.63. 62,479 shares of the company's stock were exchanged, compared to its average volume of 404,477. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.10. The company has a market cap of $262.35 million, a PE ratio of -87.67 and a beta of 1.37. The stock has a 50 day moving average price of $2.44 and a 200-day moving average price of $1.82.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.03 earnings per share for the quarter. Brilliant Earth Group had a net margin of 0.44% and a negative return on equity of 1.57%. The business had revenue of $97.70 million for the quarter. On average, analysts anticipate that Brilliant Earth Group will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Brilliant Earth Group stock. Klingman & Associates LLC raised its stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) by 61.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,273 shares of the company's stock after acquiring an additional 56,451 shares during the quarter. Klingman & Associates LLC owned approximately 0.15% of Brilliant Earth Group worth $204,000 as of its most recent filing with the Securities & Exchange Commission. 70.41% of the stock is 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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