Brilliant Earth Group (NASDAQ:BRLT) Director Sells $21,421.40 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Jennifer Noel Harris sold 20,020 shares of Brilliant Earth Group stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $1.07, for a total value of $21,421.40. Following the completion of the transaction, the director directly owned 232,302 shares of the company’s stock, valued at approximately $248,563.14. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Noel Harris also recently made the following trade(s):

• On Monday, June 22nd, Jennifer Noel Harris sold 18,336 shares of Brilliant Earth Group stock. The shares were sold at an average price of $1.03, for a total transaction of $18,886.08.

Brilliant Earth Group Stock Performance

Shares of BRLT stock remained flat at $1.05 during trading hours on Tuesday. The stock had a trading volume of 43,536 shares, compared to its average volume of 67,804. Brilliant Earth Group, Inc. has a 52 week low of $1.01 and a 52 week high of $3.10. The firm has a 50 day moving average of $1.28 and a two-hundred day moving average of $1.47. The company has a market capitalization of $106.17 million, a P/E ratio of -3.39 and a beta of 1.36.

Brilliant Earth Group (NASDAQ:BRLT) last announced its earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $99.50 million during the quarter, compared to analyst estimates of $98.16 million. Brilliant Earth Group had a negative return on equity of 18.23% and a negative net margin of 0.71%. As a group, equities research analysts predict that Brilliant Earth Group, Inc. will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BRLT. Virtu Financial LLC purchased a new stake in Brilliant Earth Group in the third quarter valued at approximately $32,000. Algert Global LLC purchased a new position in Brilliant Earth Group in the 3rd quarter worth approximately $40,000. Renaissance Technologies LLC increased its holdings 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 during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Brilliant Earth Group by 58.0% in the 4th quarter. Squarepoint Ops LLC now owns 62,103 shares of the company’s stock worth $109,000 after buying an additional 22,793 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Brilliant Earth Group by 257.0% during the 3rd quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after buying an additional 37,774 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Brilliant Earth Group in a research report on Monday, March 2nd. Morgan Stanley lowered Brilliant Earth Group to a “sector weight” rating in a research note on Friday, March 6th. TD Cowen dropped their price objective on Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating on the stock in a report on Friday, March 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $1.85 target price on shares of Brilliant Earth Group in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Brilliant Earth Group presently has an average rating of “Reduce” and an average price target of $1.74.

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.