Brilliant Earth Group (NASDAQ:BRLT) Director Sells $64,500.00 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Gavin Turner sold 50,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brilliant Earth Group Price Performance

Shares of BRLT stock traded down $0.02 on Wednesday, hitting $1.31. 118,886 shares of the stock traded hands, compared to its average volume of 130,948. The company has a market capitalization of $132.45 million, a PE ratio of -4.52 and a beta of 1.38. Brilliant Earth Group, Inc. has a 1-year low of $1.00 and a 1-year high of $3.10. The company’s fifty day moving average is $1.15 and its 200 day moving average is $1.30.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The firm had revenue of $115.11 million during the quarter, compared to the consensus estimate of $111.39 million. As a group, equities research analysts expect that Brilliant Earth Group, Inc. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Brilliant Earth Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter worth about $32,000. Algert Global LLC acquired a new position in Brilliant Earth Group during the 3rd quarter valued at about $40,000. Squarepoint Ops LLC acquired a new position in Brilliant Earth Group during the 3rd quarter valued at about $81,000. Millennium Management LLC bought a new position in Brilliant Earth Group in the 3rd quarter worth about $84,000. Finally, Susquehanna International Group LLP increased its stake in shares of Brilliant Earth Group by 257.0% in the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $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.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Brilliant Earth Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brilliant Earth Group has a consensus rating of “Reduce” and a consensus 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.