Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) have received a consensus rating of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $1.7375.

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, August 13th.

Insider Buying and Selling at Brilliant Earth Group

In related news, Director Gavin Turner sold 50,000 shares of Brilliant Earth Group stock in a transaction on Monday, August 10th. The shares were sold at an average price of $1.29, for a total value of $64,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 88,356 shares of company stock worth $104,807. 83.20% of the stock is currently owned by company insiders.

Institutional Trading of Brilliant Earth Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Brilliant Earth Group in the third quarter worth about $32,000. Algert Global LLC bought a new position in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $40,000. Squarepoint Ops LLC acquired a new stake in Brilliant Earth Group in the 3rd quarter worth approximately $81,000. Millennium Management LLC acquired a new stake in Brilliant Earth Group in the 3rd quarter worth approximately $84,000. Finally, Susquehanna International Group LLP boosted its position in Brilliant Earth Group by 257.0% during the third 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 period. Institutional investors and hedge funds own 70.41% of the company’s stock.

Brilliant Earth Group Price Performance

Shares of Brilliant Earth Group stock opened at $1.33 on Monday. The firm 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 has a 52-week low of $1.00 and a 52-week high of $3.10. The stock has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.29.

Brilliant Earth Group (NASDAQ:BRLT) last announced 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 business had revenue of $115.11 million during the quarter, compared to analysts’ expectations of $111.39 million. As a group, equities research analysts predict that Brilliant Earth Group will post 0.02 earnings per share for the current year.

About Brilliant Earth Group

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.