Brilliant Earth Group (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo Acquires 10,000 Shares of Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $1.36 per share, for a total transaction of $13,600.00. Following the acquisition, the chief financial officer directly owned 693,130 shares in the company, valued at $942,656.80. This represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT opened at $1.33 on Monday. Brilliant Earth Group, Inc. has a one year low of $1.00 and a one year high of $3.10. The business’s 50-day simple moving average is $1.16 and its 200 day simple moving average is $1.30. The stock has a market cap of $135.42 million, a price-to-earnings ratio of -4.59 and a beta of 1.38.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter. Brilliant Earth Group had a negative return on equity of 15.48% and a negative net margin of 0.66%.The firm had revenue of $115.11 million during the quarter, compared to the consensus estimate of $111.39 million. On average, equities research analysts predict that Brilliant Earth Group, Inc. will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Brilliant Earth Group

A number of hedge funds have recently bought and sold shares of BRLT. Vanguard Group Inc. increased its holdings 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. Capital World Investors lifted its holdings in Brilliant Earth Group by 13.2% during the 3rd 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 last quarter. Squarepoint Ops LLC bought a new position in Brilliant Earth Group during the 3rd quarter worth approximately $81,000. Two Sigma Investments LP acquired a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $308,000. Finally, Virtu Financial LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $32,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

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.