Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Has Average Price Target of $1.62 According to Brokerages

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has received an average rating of “Reduce” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $1.62.

Several research firms have recently weighed in on BRLT. Weiss Ratings raised Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $1.40 target price on shares of Brilliant Earth Group in a report on Thursday.

Insiders Place Their Bets

In other news, Director Gavin Turner sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $1.29, for a total value of $64,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 83.20% of the stock is currently owned by insiders.

Brilliant Earth Group Stock Down 1.4%

Brilliant Earth Group stock opened at $1.45 on Friday. The stock has a 50-day simple moving average of $1.44 and a 200 day simple moving average of $1.34. The stock has a market capitalization of $147.64 million, a price-to-earnings ratio of -5.58 and a beta of 1.47. Brilliant Earth Group has a 12-month low of $1.00 and a 12-month high of $2.90.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $112.81 million during the quarter, compared to the consensus estimate of $110.15 million. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. As a group, sell-side analysts anticipate that Brilliant Earth Group will post 0.02 EPS for the current year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.