Telsey Advisory Group Reiterates “Market Perform” Rating for Brilliant Earth Group (NASDAQ:BRLT)

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 38.89% from the company’s previous close.

Brilliant Earth Group Trading Up 2.9%

NASDAQ BRLT opened at $1.44 on Monday. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The firm has a market cap of $143.01 million, a PE ratio of 48.02 and a beta of 1.35. The company has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.64. Brilliant Earth Group has a 52 week low of $1.25 and a 52 week high of $2.68.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The firm had revenue of $93.88 million for the quarter, compared to the consensus estimate of $94.42 million. Brilliant Earth Group had a return on equity of 3.09% and a net margin of 0.50%. As a group, sell-side analysts forecast that Brilliant Earth Group will post -0.02 EPS for the current fiscal year.

Institutional Trading of Brilliant Earth Group

Several large investors have recently bought and sold shares of BRLT. Klingman & Associates LLC purchased a new stake in Brilliant Earth Group during the 4th quarter worth approximately $193,000. Impact Investors Inc purchased a new stake in Brilliant Earth Group during the 4th quarter worth approximately $103,000. Boston Partners purchased a new stake in Brilliant Earth Group during the 4th quarter worth approximately $324,000. Renaissance Technologies LLC grew its position in Brilliant Earth Group by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 129,400 shares of the company’s stock worth $272,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Mariner LLC purchased a new stake in Brilliant Earth Group during the 4th quarter worth approximately $105,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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.