Telsey Advisory Group restated their market perform rating on shares of Brilliant Earth Group (NASDAQ:BRLT – Free Report) in a report released on Thursday morning,Benzinga reports. The firm currently has a $2.00 price objective on the stock.
Separately, Jefferies Financial Group cut shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $4.00 to $1.60 in a research report on Tuesday, February 4th.
Check Out Our Latest Analysis on BRLT
Brilliant Earth Group Stock Up 2.1 %
Insider Transactions at Brilliant Earth Group
In other news, insider Sharon Dziesietnik sold 20,792 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total transaction of $31,188.00. Following the transaction, the insider now owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 84.70% of the company’s stock.
Hedge Funds Weigh In On Brilliant Earth Group
Several large investors have recently modified their holdings of BRLT. Renaissance Technologies LLC increased its stake in shares of Brilliant Earth Group by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 129,400 shares of the company’s stock valued at $272,000 after purchasing an additional 7,400 shares during the period. Orion Capital Management LLC boosted its holdings 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 buying an additional 8,300 shares in the last quarter. Jane Street Group LLC bought a new stake in Brilliant Earth Group during the fourth quarter worth approximately $25,000. XTX Topco Ltd bought a new stake in Brilliant Earth Group during the fourth quarter worth approximately $38,000. Finally, Northern Trust Corp boosted its holdings in Brilliant Earth Group by 64.0% during the fourth quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock worth $153,000 after buying an additional 28,505 shares in the last quarter. 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.
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