Telsey Advisory Group Downgrades Brilliant Earth Group (NASDAQ:BRLT) to Market Perform

Brilliant Earth Group (NASDAQ:BRLT) was downgraded by stock analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report issued on Thursday,Finviz reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 2.56% from the company’s current price.

Brilliant Earth Group Trading Down 2.5 %

NASDAQ BRLT opened at $1.95 on Thursday. Brilliant Earth Group has a 52 week low of $1.52 and a 52 week high of $3.81. The firm has a 50 day moving average of $1.79 and a two-hundred day moving average of $2.04. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $192.18 million, a PE ratio of 65.02 and a beta of 1.68.

Hedge Funds Weigh In On Brilliant Earth Group

Several large investors have recently bought and sold shares of BRLT. Privium Fund Management UK Ltd acquired a new position in shares of Brilliant Earth Group during the 2nd quarter worth about $28,000. Renaissance Technologies LLC raised its position in shares of Brilliant Earth Group by 9.2% during the 2nd quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock worth $262,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Orion Capital Management LLC lifted its stake 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 worth $28,000 after purchasing an additional 8,300 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

About Brilliant Earth Group

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.