Brilliant Earth Group, Inc. (NASDAQ:BRLT) Given Average Recommendation of “Hold” by Analysts

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.50.

A number of research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. Zacks Research upgraded Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Wall Street Zen lowered shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st.

Brilliant Earth Group Trading Up 3.3%

NASDAQ:BRLT opened at $1.55 on Thursday. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.10. The stock has a market capitalization of $154.61 million, a price-to-earnings ratio of -51.67 and a beta of 1.41. The firm has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $2.06.

Institutional Trading of Brilliant Earth Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Klingman & Associates LLC lifted its holdings in shares of Brilliant Earth Group by 61.5% in 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 in the last quarter. Kapitalo Investimentos Ltda raised its position in 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 last quarter. Vanguard Group Inc. lifted its stake in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock valued at $1,254,000 after acquiring an additional 70,833 shares in the last quarter. Capital World Investors boosted its holdings in Brilliant Earth Group by 13.2% during the 3rd 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 last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter worth $81,000. 70.41% of the stock is owned by institutional investors.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.