Telsey Advisory Group Reaffirms Outperform Rating for Brilliant Earth Group (NASDAQ:BRLT)

Telsey Advisory Group reaffirmed their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a report published on Friday morning, Benzinga reports. They currently have a $3.00 price objective on the stock.

Separately, William Blair downgraded Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th.

Brilliant Earth Group Price Performance

BRLT stock opened at $1.71 on Friday. The company has a market capitalization of $168.12 million, a PE ratio of 28.50 and a beta of 1.59. The company has a quick ratio of 2.33, a current ratio of 2.88 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $1.89 and its two-hundred day moving average is $2.20. Brilliant Earth Group has a 52-week low of $1.52 and a 52-week high of $3.81.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $105.43 million during the quarter, compared to analyst estimates of $106.52 million. Brilliant Earth Group had a net margin of 0.57% and a return on equity of 6.48%. Analysts predict that Brilliant Earth Group will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Brilliant Earth Group during the first quarter valued at approximately $56,000. Privium Fund Management UK Ltd acquired a new stake in Brilliant Earth Group in the second quarter worth $28,000. Finally, Renaissance Technologies LLC lifted its stake in Brilliant Earth Group by 9.2% in the second quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock valued at $262,000 after buying an additional 10,000 shares during the last quarter. 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.