Telsey Advisory Group reiterated their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT - Free Report) in a research report report published on Friday morning, Benzinga reports. They currently have a $3.00 target price on the stock.
Separately, William Blair lowered Brilliant Earth Group from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th.
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Brilliant Earth Group Stock Up 9.0 %
Shares of BRLT traded up $0.14 during mid-day trading on Friday, hitting $1.69. 79,668 shares of the company's stock were exchanged, compared to its average volume of 50,469. The company has a 50-day simple moving average of $1.90 and a 200 day simple moving average of $2.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.88 and a quick ratio of 2.33. The company has a market cap of $166.16 million, a PE ratio of 28.67 and a beta of 1.54. Brilliant Earth Group has a 52 week low of $1.52 and a 52 week high of $3.81.
Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.57% and a return on equity of 6.48%. The firm had revenue of $105.43 million for the quarter, compared to analyst estimates of $106.52 million. On average, research analysts forecast that Brilliant Earth Group will post -0.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Brilliant Earth Group
Institutional investors and hedge funds have recently modified their holdings of the company. Privium Fund Management UK Ltd acquired a new position in Brilliant Earth Group during the second quarter worth approximately $28,000. Virtu Financial LLC acquired a new position in shares of Brilliant Earth Group during the 1st quarter worth approximately $56,000. Finally, Renaissance Technologies LLC raised its stake 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 acquiring an additional 10,000 shares during the period. 70.41% of the stock is owned by institutional investors.
About Brilliant Earth Group
(
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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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