Brilliant Earth Group (NASDAQ:BRLT) PT Lowered to $3.00

Brilliant Earth Group (NASDAQ:BRLT) had its price target reduced by analysts at KeyCorp from $6.00 to $3.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 17.65% from the company’s current price.

BRLT has been the subject of a number of other research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 target price on shares of Brilliant Earth Group in a research report on Friday, March 15th. TD Cowen dropped their price target on shares of Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th.

Brilliant Earth Group Trading Down 4.5 %

NASDAQ:BRLT opened at $2.55 on Monday. The firm has a market capitalization of $249.54 million, a P/E ratio of 51.01 and a beta of 1.61. Brilliant Earth Group has a 52 week low of $2.04 and a 52 week high of $4.29. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $2.82 and a 200 day moving average of $2.94.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results on Thursday, March 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. On average, research analysts predict that Brilliant Earth Group will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRLT. Mainsail Management Company LLC purchased a new position in Brilliant Earth Group in the 3rd quarter worth about $94,299,000. Federated Hermes Inc. increased its position in shares of Brilliant Earth Group by 7.1% during the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock worth $354,000 after acquiring an additional 7,920 shares during the period. Finally, Avestar Capital LLC raised its stake in shares of Brilliant Earth Group by 25.0% during the fourth quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock valued at $93,000 after acquiring an additional 5,000 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells 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. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.