Brilliant Earth Group (NASDAQ:BRLT) Director Sells $64,500.00 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brilliant Earth Group Price Performance

NASDAQ BRLT opened at $1.33 on Friday. The company has a market capitalization of $135.42 million, a price-to-earnings ratio of -4.59 and a beta of 1.38. Brilliant Earth Group, Inc. has a 12 month low of $1.00 and a 12 month high of $3.10. The company’s fifty day moving average price is $1.16 and its two-hundred day moving average price is $1.30.

Brilliant Earth Group (NASDAQ:BRLT) last issued its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $115.11 million for 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, analysts anticipate that Brilliant Earth Group, Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $1.74.

Hedge Funds Weigh In On Brilliant Earth Group

Several large investors have recently bought and sold shares of the stock. Capital World Investors boosted its holdings 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 acquiring an additional 122,460 shares in the last quarter. Vanguard Group Inc. increased 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 valued at $1,254,000 after purchasing an additional 70,833 shares during the period. Renaissance Technologies LLC raised its stake in shares of Brilliant Earth Group by 11.2% in the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after buying an additional 22,000 shares in the last quarter. Two Sigma Investments LP acquired a new position in Brilliant Earth Group during the third quarter worth about $308,000. Finally, Susquehanna International Group LLP grew its stake in shares of Brilliant Earth Group by 257.0% in the 3rd quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after purchasing an additional 37,774 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

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.