Brilliant Earth Group, Inc. (NASDAQ:BRLT) Given Average Rating of “Reduce” by Brokerages

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been given an average rating of “Reduce” by the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $2.20.

A number of brokerages recently weighed in on BRLT. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a research note on Wednesday, October 29th. Wall Street Zen raised Brilliant Earth Group to a “strong-buy” rating in a research note on Saturday, September 20th. Cowen reaffirmed a “hold” rating on shares of Brilliant Earth Group in a report on Friday, August 8th. B. Riley assumed coverage on Brilliant Earth Group in a report on Tuesday, October 7th. They issued a “buy” rating and a $3.00 target price on the stock. Finally, Zacks Research lowered Brilliant Earth Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th.

Institutional Trading of Brilliant Earth Group

An institutional investor recently raised its position in Brilliant Earth Group stock. Klingman & Associates LLC lifted its position in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 61.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,273 shares of the company’s stock after purchasing an additional 56,451 shares during the quarter. Klingman & Associates LLC owned approximately 0.15% of Brilliant Earth Group worth $204,000 as of its most recent filing with the Securities and Exchange Commission. 70.41% of the stock is owned by institutional investors and hedge funds.

Brilliant Earth Group Stock Performance

Shares of BRLT stock opened at $2.41 on Tuesday. The stock’s 50 day simple moving average is $2.48 and its 200 day simple moving average is $1.88. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $3.10. The company has a market capitalization of $240.40 million, a price-to-earnings ratio of -80.33 and a beta of 1.39.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.03 earnings per share for the quarter. Brilliant Earth Group had a negative return on equity of 1.57% and a net margin of 0.44%.The business had revenue of $97.70 million for the quarter. On average, analysts forecast that Brilliant Earth Group will post -0.02 EPS for the current fiscal year.

Brilliant Earth Group Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 22nd.

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.