Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Has Consensus Target Price of $1.62 According to Analysts

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have been given an average recommendation of “Reduce” by the eight brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1.62.

BRLT has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “hold” rating and set a $1.40 price objective on shares of Brilliant Earth Group in a report on Thursday.

Insider Activity at Brilliant Earth Group

In other news, Director Gavin Turner sold 50,000 shares of Brilliant Earth Group stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 83.20% of the company’s stock.

Brilliant Earth Group Trading Down 1.4%

NASDAQ BRLT opened at $1.45 on Friday. The stock has a market capitalization of $147.64 million, a price-to-earnings ratio of -5.58 and a beta of 1.47. Brilliant Earth Group has a twelve month low of $1.00 and a twelve month high of $2.90. The stock has a 50-day moving average of $1.44 and a 200 day moving average of $1.34.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results on Thursday, November 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $112.81 million for the quarter, compared to analyst estimates of $110.15 million. Brilliant Earth Group had a negative return on equity of 15.48% and a negative net margin of 0.66%. Equities analysts predict that Brilliant Earth Group will post 0.02 EPS for the current fiscal year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.