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

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s price target suggests a potential upside of 34.23% from the company’s previous close.

Separately, Jefferies Financial Group cut shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $4.00 to $1.60 in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Brilliant Earth Group has a consensus rating of “Hold” and an average price target of $2.40.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT opened at $1.49 on Thursday. The company’s 50-day moving average price is $1.66 and its 200-day moving average price is $1.81. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49. The company has a market cap of $146.84 million, a P/E ratio of 49.68 and a beta of 1.62. Brilliant Earth Group has a twelve month low of $1.25 and a twelve month high of $3.21.

Insider Buying and Selling

In related news, insider Sharon Dziesietnik sold 20,792 shares of Brilliant Earth Group stock in a transaction that occurred 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 completion of the transaction, the insider now owns 371,329 shares in the company, valued at approximately $556,993.50. The trade was a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 84.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Brilliant Earth Group in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC grew its holdings in shares of Brilliant Earth Group by 166.0% in the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after purchasing an additional 8,300 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Brilliant Earth Group in the fourth quarter valued at approximately $38,000. Millennium Management LLC purchased a new position in Brilliant Earth Group in the fourth quarter worth approximately $65,000. Finally, Impact Investors Inc purchased a new position in Brilliant Earth Group in the fourth quarter worth approximately $103,000. Institutional investors and hedge funds 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.