Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Average Recommendation of “Reduce” from Analysts

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been assigned a consensus rating of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $1.7375.

Several research analysts have issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Brilliant Earth Group in a report on Friday, March 6th. TD Cowen dropped their target price on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating on the stock in a report on Friday, March 6th. B. Riley Financial reiterated a “neutral” rating and set a $1.50 target price (down from $3.00) on shares of Brilliant Earth Group in a report on Friday, March 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, January 21st.

Insider Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 19,687 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were 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 in the company, valued at approximately $612,028.32. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 83.90% of the stock is currently owned by insiders.

Institutional Trading of Brilliant Earth Group

Institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda boosted its holdings in shares of Brilliant Earth Group by 234.0% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after buying an additional 31,851 shares in the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at about $422,000. Algert Global LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $40,000. Squarepoint Ops LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $81,000. Finally, Millennium Management LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $84,000. 70.41% of the stock is currently owned by institutional investors.

Brilliant Earth Group Price Performance

Shares of Brilliant Earth Group stock opened at $1.21 on Friday. Brilliant Earth Group has a 1 year low of $1.21 and a 1 year high of $3.10. The firm’s 50-day moving average is $1.34 and its two-hundred day moving average is $1.64. The stock has a market cap of $122.34 million, a price-to-earnings ratio of -3.90 and a beta of 1.43.

Brilliant Earth Group (NASDAQ:BRLT) last issued its earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. The company had revenue of $99.50 million for the quarter, compared to analysts’ expectations of $98.16 million. On average, equities analysts expect that Brilliant Earth Group will post -0.07 earnings per share for the current year.

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.