Brilliant Earth Group’s (BRLT) Market Perform Rating Reaffirmed at Telsey Advisory Group

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a report issued on Monday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential upside of 29.03% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research raised Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.50.

Brilliant Earth Group Stock Up 0.6%

NASDAQ:BRLT opened at $1.55 on Monday. The firm has a market capitalization of $154.61 million, a price-to-earnings ratio of -51.67 and a beta of 1.40. The stock’s 50 day moving average price is $1.63 and its two-hundred day moving average price is $2.05. Brilliant Earth Group has a 12-month low of $1.26 and a 12-month high of $3.10.

Insider Activity

In related news, insider Sharon Dziesietnik sold 19,687 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total value of $26,971.19. Following the transaction, the insider owned 446,736 shares in the company, valued at approximately $612,028.32. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 83.90% of the company’s stock.

Institutional Trading of Brilliant Earth Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors boosted its holdings in shares of Brilliant Earth Group by 13.2% during the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after acquiring an additional 122,460 shares in the last quarter. Vanguard Group Inc. boosted its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after buying an additional 70,833 shares during the period. Renaissance Technologies LLC grew its holdings in Brilliant Earth Group by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after acquiring an additional 22,000 shares during the last quarter. Two Sigma Investments LP acquired a new position in Brilliant Earth Group in the 3rd quarter valued at approximately $308,000. Finally, Susquehanna International Group LLP raised its stake in shares of Brilliant Earth Group by 257.0% during the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after acquiring an additional 37,774 shares during the last quarter. Institutional investors own 70.41% of the company’s stock.

About Brilliant Earth Group

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.