Brilliant Earth Group (NASDAQ:BRLT) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT - Free Report) in a research report report published on Friday morning, Benzinga reports. They currently have a $4.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. TD Cowen reduced 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. KeyCorp dropped their price objective on shares of Brilliant Earth Group from $6.00 to $3.00 and set an overweight rating on the stock in a research report on Monday, April 29th.

Brilliant Earth Group Price Performance

Shares of BRLT stock traded up $0.02 on Friday, reaching $2.69. 41,290 shares of the company were exchanged, compared to its average volume of 42,386. The company has a market cap of $263.24 million, a price-to-earnings ratio of 53.50 and a beta of 1.63. The business has a 50-day moving average price of $2.78 and a 200 day moving average price of $2.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.17 and a current ratio of 2.66. Brilliant Earth Group has a 1 year low of $2.04 and a 1 year high of $4.29.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $97.34 million for the quarter, compared to analyst estimates of $97.73 million. Brilliant Earth Group had a net margin of 0.51% and a return on equity of 7.19%. During the same period in the previous year, the business posted $0.01 EPS. Equities research analysts forecast that Brilliant Earth Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brilliant Earth Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Avestar Capital LLC lifted its position in Brilliant Earth Group by 25.0% during the fourth 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 in the last quarter. Federated Hermes Inc. lifted its position in shares of Brilliant Earth Group by 7.1% during the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company's stock worth $354,000 after purchasing 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 worth $94,299,000. 70.41% of the stock is currently owned by hedge funds and other 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.