Telsey Advisory Group Reaffirms Outperform Rating for Brilliant Earth Group (NASDAQ:BRLT)

Telsey Advisory Group reaffirmed their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a research note published on Friday morning, Benzinga reports. They currently have a $4.00 price objective on the stock.

Other equities analysts have also issued reports about the company. KeyCorp decreased their target price on Brilliant Earth Group from $6.00 to $3.00 and set an overweight rating on the stock in a research note on Monday, April 29th. TD Cowen cut their price objective on Brilliant Earth Group from $3.40 to $3.00 and set a market perform rating for the company in a report on Friday, March 15th.

Brilliant Earth Group Price Performance

Shares of NASDAQ BRLT opened at $2.61 on Friday. Brilliant Earth Group has a one year low of $2.04 and a one year high of $4.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 2.17. The business’s fifty day moving average price is $2.80 and its 200-day moving average price is $2.93. The stock has a market capitalization of $255.41 million, a PE ratio of 52.21 and a beta of 1.63.

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

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently bought and sold shares of BRLT. Mainsail Management Company LLC bought a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $94,299,000. Federated Hermes Inc. increased its position in Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock valued at $354,000 after buying an additional 7,920 shares in the last quarter. Finally, Avestar Capital LLC increased its holdings in shares of Brilliant Earth Group by 25.0% in the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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.