Brilliant Earth Group (NASDAQ:BRLT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brilliant Earth Group (NASDAQ:BRLT) to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other analysts also recently weighed in on BRLT. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a report on Thursday, August 7th. Cowen reissued a “hold” rating on shares of Brilliant Earth Group in a research note on Friday, August 8th. Finally, Zacks Research upgraded Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1.80.

Brilliant Earth Group Stock Performance

Shares of BRLT opened at $2.35 on Friday. The stock has a market capitalization of $234.41 million, a PE ratio of -78.33 and a beta of 1.44. The company’s fifty day moving average is $2.11 and its 200 day moving average is $1.68. Brilliant Earth Group has a fifty-two week low of $1.25 and a fifty-two week high of $3.10.

Brilliant Earth Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 22nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Brilliant Earth Group during the fourth quarter valued at approximately $25,000. Millennium Management LLC purchased a new position in Brilliant Earth Group during the 4th quarter valued at $65,000. Northern Trust Corp grew its position in Brilliant Earth Group by 64.0% in the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock valued at $153,000 after acquiring an additional 28,505 shares during the last quarter. Finally, Klingman & Associates LLC grew its position in Brilliant Earth Group by 61.5% in the 2nd quarter. Klingman & Associates LLC now owns 148,273 shares of the company’s stock valued at $204,000 after acquiring an additional 56,451 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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.