Brilliant Earth Group, Inc. (NASDAQ:BRLT) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Avestar Capital LLC’s holdings in Brilliant Earth Group were worth $93,000 at the end of the most recent reporting period.

Separately, Federated Hermes Inc. increased its stake in shares of Brilliant Earth Group by 7.1% during the third quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock valued at $354,000 after acquiring an additional 7,920 shares during the period. 70.41% of the stock is currently owned by institutional investors.

Brilliant Earth Group Trading Up 1.3 %

Brilliant Earth Group stock opened at $2.41 on Friday. The company has a 50 day moving average price of $2.66 and a 200 day moving average price of $2.88. Brilliant Earth Group, Inc. has a 52 week low of $2.04 and a 52 week high of $4.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.31 and a current ratio of 2.88. The firm has a market capitalization of $235.84 million, a price-to-earnings ratio of 40.17 and a beta of 1.63.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.55% and a return on equity of 7.32%. The firm had revenue of $97.34 million during the quarter, compared to analyst estimates of $97.73 million. During the same quarter last year, the business posted $0.01 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating for the company in a report on Friday, March 15th. KeyCorp reduced their target price on shares of Brilliant Earth Group from $6.00 to $3.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $4.00 target price on shares of Brilliant Earth Group in a report on Friday, May 10th.

Brilliant Earth Group Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.