Just Rocks, Inc. Sells 91,202 Shares of Brilliant Earth Group Inc (NASDAQ:BRLT) Stock

Brilliant Earth Group Inc (NASDAQ:BRLT) major shareholder Just Rocks, Inc. sold 91,202 shares of the company’s stock in a transaction that occurred on Thursday, January 13th. The shares were sold at an average price of $14.43, for a total value of $1,316,044.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

BRLT stock traded down $1.51 during trading on Friday, reaching $12.42. The company’s stock had a trading volume of 1,296,379 shares, compared to its average volume of 402,378. Brilliant Earth Group Inc has a 1 year low of $10.63 and a 1 year high of $20.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.15 and a current ratio of 2.40. The company has a fifty day moving average price of $16.53.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings results on Friday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.08. The business had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $87.10 million. The company’s revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts forecast that Brilliant Earth Group Inc will post 0.3 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC purchased a new stake in Brilliant Earth Group in the 3rd quarter worth $134,000. Squarepoint Ops LLC purchased a new stake in Brilliant Earth Group in the 3rd quarter worth $248,000. Point72 Hong Kong Ltd purchased a new stake in Brilliant Earth Group in the 3rd quarter worth $273,000. Monashee Investment Management LLC bought a new position in shares of Brilliant Earth Group during the 3rd quarter valued at about $402,000. Finally, MYDA Advisors LLC bought a new position in shares of Brilliant Earth Group during the 3rd quarter valued at about $412,000. Institutional investors and hedge funds own 93.58% of the company’s stock.

Several equities analysts recently issued reports on the company. KeyCorp increased their price target on Brilliant Earth Group from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, November 15th. JPMorgan Chase & Co. assumed coverage on Brilliant Earth Group in a report on Monday, October 18th. They set an “overweight” rating and a $16.00 price target on the stock. Cowen assumed coverage on Brilliant Earth Group in a report on Monday, October 18th. They set an “outperform” rating and a $17.00 price target on the stock. Zacks Investment Research cut Brilliant Earth Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Credit Suisse Group increased their price target on Brilliant Earth Group from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, November 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Brilliant Earth Group presently has a consensus rating of “Buy” and a consensus price target of $19.00.

Brilliant Earth Group Company Profile

Brilliant Earth Group Inc is a digital-first jewelry company. Brilliant Earth Group Inc is headquartered in San Francisco, CA.

Featured Article: How to invest in a bear market

Receive News & Ratings for Brilliant Earth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brilliant Earth Group and related companies with MarketBeat.com's FREE daily email newsletter.