Brilliant Earth Group’s (BRLT) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a report issued on Monday morning,Benzinga reports. They currently have a $2.00 price target on the stock.

Brilliant Earth Group Stock Down 1.4%

Shares of NASDAQ BRLT opened at $1.42 on Monday. The company has a quick ratio of 2.27, a current ratio of 2.80 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 $2.68. The company has a market cap of $141.03 million, a price-to-earnings ratio of 47.35 and a beta of 1.35. The firm’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $1.64.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). Brilliant Earth Group had a net margin of 0.50% and a return on equity of 3.09%. The business had revenue of $93.88 million for the quarter, compared to analyst estimates of $94.42 million. On average, research analysts expect that Brilliant Earth Group will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Brilliant Earth Group

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

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.