Brilliant Earth Group (NASDAQ:BRLT) Receives “Neutral” Rating from B. Riley Financial

Brilliant Earth Group (NASDAQ:BRLT)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley Financial in a research report issued on Friday,Benzinga reports. They presently have a $1.50 target price on the stock, down from their previous target price of $3.00. B. Riley Financial’s price objective suggests a potential upside of 2.74% from the company’s current price.

Other analysts have also issued reports about the stock. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a research note on Monday. Jefferies Financial Group restated a “hold” rating and issued a $1.85 price target on shares of Brilliant Earth Group in a report on Thursday. Zacks Research upgraded shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. KeyCorp downgraded shares of Brilliant Earth Group from an “overweight” rating to a “sector weight” rating in a research note on Friday. Finally, Wall Street Zen downgraded Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brilliant Earth Group presently has an average rating of “Reduce” and a consensus price target of $1.78.

Brilliant Earth Group Stock Performance

Shares of Brilliant Earth Group stock opened at $1.46 on Friday. The stock has a market cap of $145.64 million, a price-to-earnings ratio of -48.67 and a beta of 1.40. The stock has a 50 day moving average price of $1.61 and a 200-day moving average price of $2.03. Brilliant Earth Group has a one year low of $1.26 and a one year high of $3.10.

Insider Transactions at Brilliant Earth Group

In related news, insider Sharon Dziesietnik sold 19,687 shares of the company’s stock in a transaction that occurred 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 directly owned 446,736 shares in the company, valued at approximately $612,028.32. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 83.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BRLT. Virtu Financial LLC purchased a new position in Brilliant Earth Group during the third quarter worth about $32,000. Algert Global LLC acquired a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $40,000. Squarepoint Ops LLC purchased a new position in shares of Brilliant Earth Group during the 3rd quarter worth approximately $81,000. Millennium Management LLC acquired a new stake in Brilliant Earth Group in the 3rd quarter valued at approximately $84,000. Finally, Kapitalo Investimentos Ltda raised its position in Brilliant Earth Group by 234.0% in the third quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after purchasing an additional 31,851 shares during the period. Institutional investors and hedge funds 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.