Key Points
- Director Gavin Turner sold 50,000 Brilliant Earth Group shares at an average price of $1.29, generating $64,500 in proceeds. The sale was disclosed in an SEC filing.
- BRLT recently reported quarterly revenue of $115.11 million, exceeding analyst estimates of $111.39 million, and posted earnings of $0.03 per share. However, the company continues to have a negative net margin and return on equity.
- Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce” and a $1.74 price target, while institutional investors own 70.41% of outstanding shares.
Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) Director Gavin Turner sold 50,000 shares of Brilliant Earth Group stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Brilliant Earth Group Price Performance
BRLT opened at $1.31 on Thursday. Brilliant Earth Group, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.10. The firm has a market capitalization of $132.45 million, a P/E ratio of -4.52 and a beta of 1.38. The company's 50-day moving average is $1.15 and its 200 day moving average is $1.30.
Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter. The firm had revenue of $115.11 million during the quarter, compared to analyst estimates of $111.39 million. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. On average, equities research analysts expect that Brilliant Earth Group, Inc. will post -0.03 earnings per share for the current year.
Institutional Trading of Brilliant Earth Group
Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Brilliant Earth Group by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company's stock valued at $382,000 after buying an additional 22,000 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Brilliant Earth Group by 257.0% during the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company's stock valued at $109,000 after purchasing an additional 37,774 shares during the last quarter. Two Sigma Investments LP bought a new position in Brilliant Earth Group during the third quarter worth about $308,000. Capital World Investors boosted 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 purchasing an additional 122,460 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Brilliant Earth Group by 13.2% in the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company's stock worth $1,254,000 after purchasing an additional 70,833 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Brilliant Earth Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Brilliant Earth Group has a consensus rating of "Reduce" and a consensus price target of $1.74.
Check Out Our Latest Report on Brilliant Earth Group
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.
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