Brilliant Earth Group (NASDAQ:BRLT) Given Market Perform Rating at Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group's price objective indicates a potential upside of 48.70% from the company's current price.

Separately, Jefferies Financial Group cut shares of Brilliant Earth Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $4.00 to $1.60 in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.40.

Brilliant Earth Group Stock Up 1.9 %

NASDAQ BRLT opened at $1.35 on Thursday. The stock has a market capitalization of $132.55 million, a P/E ratio of 44.85 and a beta of 1.62. Brilliant Earth Group has a 52 week low of $1.25 and a 52 week high of $3.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $1.82.

Insider Activity at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now directly owns 371,329 shares of the company's stock, valued at $556,993.50. This represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 84.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Brilliant Earth Group during the 4th quarter worth $25,000. Orion Capital Management LLC increased its position in shares of Brilliant Earth Group by 166.0% in the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company's stock worth $28,000 after purchasing an additional 8,300 shares during the period. XTX Topco Ltd acquired a new position in Brilliant Earth Group in the fourth quarter valued at about $38,000. Millennium Management LLC bought a new stake in Brilliant Earth Group during the fourth quarter worth about $65,000. Finally, Impact Investors Inc acquired a new stake in Brilliant Earth Group during the fourth quarter worth about $103,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

About Brilliant Earth Group

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.

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