BRLT

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

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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

(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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