Telsey Advisory Group Reaffirms "Market Perform" Rating for Brilliant Earth Group (NASDAQ:BRLT)

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $2.00 price target on the stock. Telsey Advisory Group's price target points to a potential upside of 55.04% from the company's current price.

Separately, Jefferies Financial Group downgraded Brilliant Earth Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $4.00 to $1.60 in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $2.40.

Brilliant Earth Group Price Performance

BRLT stock traded down $0.07 during trading on Thursday, reaching $1.29. The company's stock had a trading volume of 59,434 shares, compared to its average volume of 64,416. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $3.21. The company's fifty day moving average is $1.72 and its 200-day moving average is $1.83. The company has a market capitalization of $127.13 million, a P/E ratio of 43.01 and a beta of 1.62.

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Insider Buying and Selling

In other news, insider Sharon Dziesietnik sold 20,792 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now owns 371,329 shares in the company, valued at $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 84.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brilliant Earth Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Impact Investors Inc acquired a new position in shares of Brilliant Earth Group in the fourth quarter worth $103,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Brilliant Earth Group in the 4th quarter valued at approximately $128,000. Orion Capital Management LLC increased its stake 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 worth $28,000 after acquiring an additional 8,300 shares during the period. Klingman & Associates LLC purchased a new position in Brilliant Earth Group in the fourth quarter worth $193,000. Finally, Millennium Management LLC acquired a new stake in Brilliant Earth Group in the fourth quarter valued at $65,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Brilliant Earth Group Company Profile

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.