Brilliant Earth Group (NASDAQ:BRLT) Director Jennifer Noel Harris Sells 18,336 Shares of Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Jennifer Noel Harris sold 18,336 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $1.03, for a total value of $18,886.08. Following the transaction, the director directly owned 213,966 shares of the company’s stock, valued at $220,384.98. The trade was a 7.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 18th, Jennifer Noel Harris sold 20,020 shares of Brilliant Earth Group stock. The shares were sold at an average price of $1.07, for a total value of $21,421.40.

Brilliant Earth Group Price Performance

Shares of NASDAQ:BRLT opened at $1.05 on Wednesday. The business’s 50 day moving average price is $1.27 and its 200-day moving average price is $1.46. The firm has a market capitalization of $106.17 million, a PE ratio of -3.39 and a beta of 1.36. Brilliant Earth Group, Inc. has a 1 year low of $1.01 and a 1 year high of $3.10.

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

Institutional Investors Weigh In On Brilliant Earth Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Brilliant Earth Group in the 3rd quarter valued at about $32,000. Algert Global LLC purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $40,000. Squarepoint Ops LLC acquired a new stake in shares of Brilliant Earth Group during the 3rd quarter worth approximately $81,000. Millennium Management LLC purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter valued at approximately $84,000. 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 during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BRLT shares. B. Riley Financial reiterated a “neutral” rating and issued a $1.50 target price (down from $3.00) on shares of Brilliant Earth Group in a research report on Friday, March 6th. Weiss Ratings raised shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $1.85 price objective on shares of Brilliant Earth Group in a report on Thursday, March 5th. Morgan Stanley lowered shares of Brilliant Earth Group to a “sector weight” rating in a research note on Friday, March 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Brilliant Earth Group presently has a consensus rating of “Reduce” and an average target price 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.