Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $3.00 at KeyCorp

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) had its target price cut by equities researchers at KeyCorp from $6.00 to $3.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price objective would suggest a potential upside of 12.36% from the company's previous close.

Other research analysts have also issued research reports about the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $4.00 price target on shares of Brilliant Earth Group in a research report on Friday, March 15th. TD Cowen cut their target price on shares of Brilliant Earth Group from $3.40 to $3.00 and set a "market perform" rating on the stock in a report on Friday, March 15th.

Brilliant Earth Group Stock Up 1.1 %

Brilliant Earth Group stock traded up $0.03 during trading on Monday, reaching $2.67. The stock had a trading volume of 31,338 shares, compared to its average volume of 43,547. Brilliant Earth Group has a 52-week low of $2.04 and a 52-week high of $4.29. The business has a 50 day moving average price of $2.84 and a 200 day moving average price of $2.94. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The stock has a market cap of $261.29 million, a PE ratio of 53.41 and a beta of 1.61.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The business had revenue of $124.30 million for the quarter, compared to the consensus estimate of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. On average, analysts predict that Brilliant Earth Group will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Brilliant Earth Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Avestar Capital LLC increased its stake in Brilliant Earth Group by 25.0% during the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company's stock valued at $93,000 after buying an additional 5,000 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Brilliant Earth Group by 7.1% in the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company's stock valued at $354,000 after acquiring an additional 7,920 shares in the last quarter. Finally, Mainsail Management Company LLC acquired a new position in shares of Brilliant Earth Group during the third quarter valued at approximately $94,299,000. 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. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.