Brilliant Earth Group (NASDAQ:BRLT) Receives Market Perform Rating from Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 34.23% from the stock’s current price.

Separately, Jefferies Financial Group downgraded shares of 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 research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.40.

Brilliant Earth Group Stock Up 2.1 %

Shares of Brilliant Earth Group stock opened at $1.49 on Thursday. The company has a market capitalization of $146.84 million, a P/E ratio of 49.68 and a beta of 1.62. 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 52-week low of $1.25 and a 52-week high of $3.21. The company has a 50 day moving average of $1.66 and a 200 day moving average of $1.81.

Insider Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of Brilliant Earth Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now directly owns 371,329 shares of the company’s stock, valued at $556,993.50. The trade was a 5.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 84.70% of the company’s stock.

Hedge Funds Weigh In On Brilliant Earth Group

A number of institutional investors have recently modified their holdings of BRLT. Boston Partners acquired a new position in Brilliant Earth Group in the 4th quarter valued at $324,000. Renaissance Technologies LLC increased its stake in Brilliant Earth Group by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 129,400 shares of the company’s stock valued at $272,000 after buying an additional 7,400 shares during the period. Klingman & Associates LLC acquired a new position in Brilliant Earth Group in the 4th quarter valued at $193,000. Northern Trust Corp increased its stake in Brilliant Earth Group by 64.0% in the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock valued at $153,000 after buying an additional 28,505 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Brilliant Earth Group in the 4th quarter valued at $128,000. 70.41% of the stock is owned by institutional investors and hedge funds.

About Brilliant Earth Group

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.