Telsey Advisory Group Reiterates Market Perform Rating for Brilliant Earth Group (NASDAQ:BRLT)

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $2.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 48.70% from the company’s current price.

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

Brilliant Earth Group Stock Performance

Brilliant Earth Group stock opened at $1.35 on Thursday. The business has a 50 day moving average of $1.69 and a 200-day moving average of $1.82. The company has a market capitalization of $132.55 million, a P/E ratio of 44.85 and a beta of 1.62. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27.

Insider Buying and Selling at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of Brilliant Earth Group stock in a transaction 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 sale, the insider now owns 371,329 shares in the company, valued at $556,993.50. The trade was a 5.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 84.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC raised its holdings in shares of Brilliant Earth Group by 166.0% during 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 during the period. U.S. Capital Wealth Advisors LLC acquired a new position in Brilliant Earth Group during the 4th quarter worth approximately $128,000. Klingman & Associates LLC bought a new position in Brilliant Earth Group in the fourth quarter worth approximately $193,000. Impact Investors Inc acquired a new stake in Brilliant Earth Group in the fourth quarter valued at approximately $103,000. Finally, Boston Partners bought a new stake in shares of Brilliant Earth Group during the fourth quarter valued at approximately $324,000. 70.41% of the stock is owned by institutional investors.

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.