Telsey Advisory Group Forecasts BRLT FY2025 Earnings

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) - Telsey Advisory Group issued their FY2025 earnings per share (EPS) estimates for Brilliant Earth Group in a note issued to investors on Tuesday, April 29th. Telsey Advisory Group analyst D. Telsey forecasts that the company will post earnings per share of ($0.03) for the year. Telsey Advisory Group has a "Market Perform" rating and a $2.00 price objective on the stock. The consensus estimate for Brilliant Earth Group's current full-year earnings is ($0.02) per share. Telsey Advisory Group also issued estimates for Brilliant Earth Group's FY2026 earnings at $0.00 EPS.

Separately, Jefferies Financial Group cut shares of Brilliant Earth Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $4.00 to $1.60 in a report on Tuesday, February 4th.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT traded down $0.02 during midday trading on Thursday, reaching $1.54. The stock had a trading volume of 24,682 shares, compared to its average volume of 65,708. The stock has a market capitalization of $153.06 million, a P/E ratio of 51.35 and a beta of 1.44. Brilliant Earth Group has a 1-year low of $1.25 and a 1-year high of $2.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. The firm's fifty day simple moving average is $1.47 and its 200-day simple moving average is $1.69.

Insider Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total transaction of $31,188.00. Following the completion of the transaction, the insider now owns 371,329 shares of the company's stock, valued at approximately $556,993.50. This represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 84.70% of the company's stock.

Hedge Funds Weigh In On Brilliant Earth Group

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

About Brilliant Earth Group

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.