KeyCorp Trims Brilliant Earth Group (NASDAQ:BRLT) Target Price to $3.00

Brilliant Earth Group (NASDAQ:BRLT) had its target price cut by KeyCorp from $6.00 to $3.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the company. TD Cowen lowered their target price on Brilliant Earth Group from $3.40 to $3.00 and set a market perform rating for the company in a report on Friday, March 15th. Telsey Advisory Group reaffirmed an outperform rating and set a $4.00 target price on shares of Brilliant Earth Group in a report on Friday, March 15th.

Brilliant Earth Group Stock Down 1.6 %

Shares of Brilliant Earth Group stock opened at $2.51 on Monday. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The firm has a market cap of $245.63 million, a P/E ratio of 50.21 and a beta of 1.61. Brilliant Earth Group has a fifty-two week low of $2.04 and a fifty-two week high of $4.29. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $2.93.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $124.30 million during the quarter, compared to analyst estimates of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. On average, sell-side analysts forecast that Brilliant Earth Group will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brilliant Earth Group

Institutional investors have recently made changes to their positions in the stock. Avestar Capital LLC boosted its position in shares of Brilliant Earth Group by 25.0% during the fourth quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after buying an additional 5,000 shares during the period. Federated Hermes Inc. boosted its position in shares of Brilliant Earth Group by 7.1% during the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock worth $354,000 after buying an additional 7,920 shares during the period. Finally, Mainsail Management Company LLC acquired a new position in shares of Brilliant Earth Group during the third quarter worth approximately $94,299,000. 70.41% of the stock is owned by institutional investors.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.