Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $8.00

Brilliant Earth Group (NASDAQ:BRLT – Get Rating) had its target price cut by research analysts at Credit Suisse Group from $10.00 to $8.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 104.08% from the company’s previous close.

Several other research analysts also recently weighed in on BRLT. Piper Sandler dropped their target price on shares of Brilliant Earth Group from $7.50 to $6.00 in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Brilliant Earth Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday. Raymond James decreased their target price on Brilliant Earth Group from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday. KeyCorp dropped their price target on Brilliant Earth Group from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Finally, Telsey Advisory Group dropped their price target on Brilliant Earth Group from $12.00 to $8.00 and set an “outperform” rating for the company in a research note on Thursday, March 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Brilliant Earth Group Trading Up 0.8 %

Shares of Brilliant Earth Group stock opened at $3.92 on Thursday. The company’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $5.65. The stock has a market capitalization of $374.36 million, a PE ratio of 19.60 and a beta of 1.83. Brilliant Earth Group has a 1-year low of $3.60 and a 1-year high of $11.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.62 and a quick ratio of 2.10.

Institutional Trading of Brilliant Earth Group

Several hedge funds have recently modified their holdings of BRLT. JPMorgan Chase & Co. purchased a new stake in shares of Brilliant Earth Group during the 1st quarter worth approximately $173,000. Bank of Montreal Can purchased a new stake in shares of Brilliant Earth Group during the 1st quarter worth approximately $1,230,000. Acadian Asset Management LLC purchased a new stake in shares of Brilliant Earth Group during the 1st quarter worth approximately $38,000. BlackRock Inc. raised its holdings in shares of Brilliant Earth Group by 3.8% during the 1st quarter. BlackRock Inc. now owns 105,913 shares of the company’s stock worth $1,090,000 after acquiring an additional 3,883 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Brilliant Earth Group during the 1st quarter worth approximately $414,000. 6.76% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Company Profile

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Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.