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

Telsey Advisory Group reiterated their market perform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a research note released on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 price objective on the stock.

BRLT has been the subject of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, January 21st. Zacks Research raised shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Wall Street Zen cut Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.50.

Brilliant Earth Group Stock Performance

NASDAQ BRLT opened at $1.65 on Monday. Brilliant Earth Group has a one year low of $1.26 and a one year high of $3.10. The firm has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $2.03. The firm has a market cap of $164.59 million, a price-to-earnings ratio of -55.00 and a beta of 1.40.

Insider Transactions at Brilliant Earth Group

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 19,687 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total value of $26,971.19. Following the sale, the insider directly owned 446,736 shares of the company’s stock, valued at $612,028.32. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 83.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Potomac Capital Management Inc. acquired a new stake in shares of Brilliant Earth Group during the 4th quarter valued at $422,000. Two Sigma Investments LP purchased a new stake in shares of Brilliant Earth Group during the third quarter worth $308,000. Capital World Investors lifted its holdings in shares of Brilliant Earth Group by 13.2% during the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after buying an additional 122,460 shares during the last quarter. Vanguard Group Inc. lifted its stake in Brilliant Earth Group by 13.2% in the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock valued at $1,254,000 after acquiring an additional 70,833 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Brilliant Earth Group in the third quarter worth $84,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.