Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Has Average Target Price of $1.74

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has earned an average rating of “Reduce” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.74.

Separately, Weiss Ratings raised Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th.

Brilliant Earth Group Price Performance

Shares of BRLT opened at $1.40 on Friday. The firm has a 50-day moving average of $1.28 and a 200-day moving average of $1.26. The company has a market cap of $142.55 million, a PE ratio of -4.83 and a beta of 1.42. Brilliant Earth Group has a one year low of $1.00 and a one year high of $2.90.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $115.11 million during the quarter, compared to the consensus estimate of $111.39 million. Brilliant Earth Group had a negative return on equity of 15.48% and a negative net margin of 0.66%. Analysts expect that Brilliant Earth Group will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gavin Turner sold 50,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 83.20% of the stock is owned by corporate insiders.

Institutional Trading of Brilliant Earth Group

A hedge fund recently bought a new stake in Brilliant Earth Group stock. Potomac Capital Management Inc. purchased a new stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 241,000 shares of the company’s stock, valued at approximately $422,000. Potomac Capital Management Inc. owned 0.24% of Brilliant Earth Group at the end of the most recent quarter. 70.41% of the stock is owned by institutional investors and hedge funds.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally native, omnichannel jewelry company that designs and sells engagement rings, wedding bands, fine jewelry and other diamond and gemstone products. The company is known for offering diamonds and gemstones with an emphasis on sourcing transparency, including lab-grown diamonds and recycled precious metals.

Brilliant Earth sells its products through its e-commerce platform and a network of showrooms in the United States. Its services include virtual and in-person consultations, appointment-based shopping, custom jewelry design and tools that allow customers to select and personalize diamonds, gemstones and settings.

The company was founded in 2005 by Beth Gerstein and Eric Grossberg.