Brilliant Earth Group (NASDAQ:BRLT) Receives Market Perform Rating from Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 29.87% from the stock’s current price.

Separately, Jefferies Financial Group lowered Brilliant Earth Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $4.00 to $1.60 in a research note on Tuesday, February 4th.

Brilliant Earth Group Price Performance

NASDAQ BRLT opened at $1.54 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $2.74. The stock has a market cap of $153.06 million, a price-to-earnings ratio of 51.35 and a beta of 1.44. The company’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.69.

Insider Activity at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of Brilliant Earth Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total value of $31,188.00. Following the sale, the insider now directly owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. The trade was a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 84.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brilliant Earth Group

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

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.