Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) shares rose 3.1% during trading on Friday . The company traded as high as $2.04 and last traded at $1.99. Approximately 36,741 shares changed hands during trading, a decline of 33% from the average daily volume of 54,578 shares. The stock had previously closed at $1.93.
Wall Street Analyst Weigh In
BRLT has been the subject of several research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $3.00 price objective on shares of Brilliant Earth Group in a research report on Friday, November 1st. William Blair cut Brilliant Earth Group from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th.
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Brilliant Earth Group Stock Performance
The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $196.11 million, a P/E ratio of 66.36 and a beta of 1.68. The company's 50 day moving average is $1.78 and its 200-day moving average is $2.06.
Hedge Funds Weigh In On Brilliant Earth Group
A number of institutional investors and hedge funds have recently made changes to their positions in BRLT. Renaissance Technologies LLC increased its position in Brilliant Earth Group by 9.2% in the 2nd quarter. Renaissance Technologies LLC now owns 118,200 shares of the company's stock valued at $262,000 after buying an additional 10,000 shares in the last quarter. Orion Capital Management LLC increased its holdings in shares of Brilliant Earth Group by 166.0% during the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company's stock valued at $28,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Brilliant Earth Group during the second quarter worth approximately $28,000. Institutional investors own 70.41% of the company's stock.
Brilliant Earth Group Company Profile
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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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