Key Points
- Brilliant Earth CFO Jeffrey Kuo bought 10,000 shares at an average price of $1.36, increasing his direct ownership by 1.46% to 693,130 shares.
- BRLT reported quarterly EPS of $0.03 and revenue of $115.11 million, exceeding analysts’ revenue estimate of $111.39 million, though the company posted a negative net margin and return on equity.
- Analysts maintain a consensus “Reduce” rating with a $1.74 price target; institutional investors and hedge funds own 70.41% of the stock.
Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) CFO Jeffrey Chuenhong Kuo bought 10,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $1.36 per share, with a total value of $13,600.00. Following the acquisition, the chief financial officer directly owned 693,130 shares in the company, valued at approximately $942,656.80. The trade was a 1.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Brilliant Earth Group Stock Performance
Shares of BRLT stock opened at $1.22 on Tuesday. The stock has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.30. Brilliant Earth Group, Inc. has a 52-week low of $1.00 and a 52-week high of $3.10. The firm has a market capitalization of $124.22 million, a P/E ratio of -4.21 and a beta of 1.38.
Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. The company 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%. As a group, sell-side analysts forecast that Brilliant Earth Group, Inc. will post -0.03 EPS for the current year.
Hedge Funds Weigh In On Brilliant Earth Group
Large investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its position in shares of Brilliant Earth Group by 13.2% in the third quarter. Capital World Investors now owns 1,052,309 shares of the company's stock valued at $2,178,000 after purchasing an additional 122,460 shares during the period. Vanguard Group Inc. raised its position in shares of Brilliant Earth Group by 13.2% during the 3rd 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 during the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Brilliant Earth Group during the 4th quarter worth about $422,000. Renaissance Technologies LLC lifted its stake in Brilliant Earth Group by 11.2% in 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 in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Brilliant Earth Group in the 3rd quarter worth about $308,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Brilliant Earth Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Brilliant Earth Group currently has a consensus rating of "Reduce" and a consensus price target of $1.74.
Check Out Our Latest Analysis 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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