Key Points
- Insider Sharon Dziesietnik sold 19,687 shares on Feb. 18 at an average price of $1.37 for $26,971.19, reducing her stake by 4.22% to 446,736 shares (worth about $612,028).
- Brilliant Earth (NASDAQ:BRLT) traded at $1.60 with a volume of 141,489 (vs. average 69,663), a market cap of $159.6M, a negative P/E of -53.33, and a 52-week range of $1.26–$3.10.
- The stock carries an average analyst rating of "Hold" with a $2.50 average price target (1 Buy / 3 Hold / 1 Sell), and institutions own 70.41% of shares with recent position increases and new stakes from firms like Capital World Investors, Vanguard, Two Sigma, Potomac Capital, and Millennium.
Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) insider Sharon Dziesietnik sold 19,687 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total transaction of $26,971.19. Following the sale, the insider directly owned 446,736 shares in the company, valued at approximately $612,028.32. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brilliant Earth Group Stock Performance
Shares of NASDAQ:BRLT traded up $0.14 during trading on Friday, hitting $1.60. The company's stock had a trading volume of 141,489 shares, compared to its average volume of 69,663. The company has a market capitalization of $159.60 million, a PE ratio of -53.33 and a beta of 1.41. Brilliant Earth Group, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $3.10. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $2.05.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BRLT. Zacks Research upgraded Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a research note on Friday, November 28th. Wall Street Zen downgraded shares of Brilliant Earth Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 8th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Brilliant Earth Group presently has an average rating of "Hold" and an average price target of $2.50.
Check Out Our Latest Stock Analysis on BRLT
Hedge Funds Weigh In On Brilliant Earth Group
Several hedge funds have recently made changes to their positions in the company. Potomac Capital Management Inc. acquired a new stake in shares of Brilliant Earth Group during the fourth quarter worth about $422,000. Two Sigma Investments LP acquired a new position in Brilliant Earth Group during the third quarter worth approximately $308,000. Capital World Investors increased its position in Brilliant Earth Group by 13.2% during the third quarter. Capital World Investors now owns 1,052,309 shares of the company's stock worth $2,178,000 after buying an additional 122,460 shares during the period. Vanguard Group Inc. lifted its stake in Brilliant Earth Group by 13.2% in the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company's stock valued at $1,254,000 after buying an additional 70,833 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Brilliant Earth Group in the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 70.41% of the company's stock.
Brilliant Earth Group Company Profile
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Get Free Report)
Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.
Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.
Further Reading
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