In a report released on August 12, Matthew Boss from J.P. Morgan maintained a Buy rating on Brilliant Earth Group (BRLT – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $8.12.
According to TipRanks, Boss is a 3-star analyst with an average return of 2.1% and a 51.10% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as Nike, American Eagle, and Bath & Body Works.
In addition to J.P. Morgan, Brilliant Earth Group also received a Buy from Credit Suisse’s Michael Binetti in a report issued on August 12. However, on the same day, Piper Sandler maintained a Hold rating on Brilliant Earth Group (NASDAQ: BRLT).
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Based on Brilliant Earth Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $100.04 million and a net profit of $356 thousand. In comparison, last year the company earned a revenue of $92.35 million and had a net profit of $8.48 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRLT in relation to earlier this year.
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Brilliant Earth Group Inc is an innovative, digital-first jewelry company. It offers exclusive designs with superior craftsmanship and supply chain transparency, delivered to customers through a highly personalized omnichannel experience. It focuses on one operating and reporting segment which is retail sale of diamonds, gemstones and jewelry.
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