Brilliant Earth Group (NASDAQ:BRLT) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Brilliant Earth Group (NASDAQ:BRLT) from a buy rating to a hold rating in a research note published on Tuesday morning, Marketbeat reports. Jefferies Financial Group currently has $1.60 price target on the stock, down from their previous price target of $4.00.

Separately, Telsey Advisory Group downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $3.00 to $2.00 in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.40.

Brilliant Earth Group Stock Performance

Shares of Brilliant Earth Group stock opened at $1.68 on Tuesday. The firm has a market capitalization of $165.56 million, a price-to-earnings ratio of 56.02 and a beta of 1.58. Brilliant Earth Group has a one year low of $1.52 and a one year high of $3.34. The business has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $1.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27.

Hedge Funds Weigh In On Brilliant Earth Group

Several institutional investors have recently modified their holdings of BRLT. Klingman & Associates LLC purchased a new position in Brilliant Earth Group in the fourth quarter worth $193,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Brilliant Earth Group in the 4th quarter worth about $128,000. Renaissance Technologies LLC grew its position in Brilliant Earth Group by 9.2% during 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 period. Finally, Orion Capital Management LLC grew its position in 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 buying an additional 8,300 shares during the period. 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. 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.