Brilliant Earth Group (NASDAQ:BRLT) Trading Down 0.5% – Time to Sell?

Brilliant Earth Group, Inc. (NASDAQ:BRLT) traded down 0.5% during trading on Monday . The stock traded as low as $1.8650 and last traded at $1.88. 34,340 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 73,239 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRLT. B. Riley began coverage on Brilliant Earth Group in a research report on Tuesday, October 7th. They set a “buy” rating and a $3.00 price target on the stock. Wall Street Zen lowered shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, October 8th. Zacks Research raised shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.20.

Brilliant Earth Group Stock Performance

The company has a 50 day moving average of $2.20 and a two-hundred day moving average of $1.99. The stock has a market capitalization of $187.53 million, a PE ratio of -62.67 and a beta of 1.41.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $97.70 million during the quarter. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%. As a group, research analysts predict that Brilliant Earth Group, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Trading of Brilliant Earth Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Klingman & Associates LLC lifted its position in Brilliant Earth Group by 61.5% during the second quarter. Klingman & Associates LLC now owns 148,273 shares of the company’s stock valued at $204,000 after purchasing an additional 56,451 shares during the period. Kapitalo Investimentos Ltda lifted its holdings in shares of Brilliant Earth Group by 234.0% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after buying an additional 31,851 shares during the period. Vanguard Group Inc. boosted its stake in shares of Brilliant Earth Group by 13.2% in the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after buying an additional 70,833 shares during the last quarter. Capital World Investors grew its holdings in Brilliant Earth Group by 13.2% during the third quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after acquiring an additional 122,460 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Brilliant Earth Group during the third quarter valued at approximately $81,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Brilliant Earth Group Company Profile

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.