Brilliant Earth Group (NASDAQ:BRLT) Director Gavin Turner Sells 50,000 Shares

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Gavin Turner sold 50,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brilliant Earth Group Stock Down 1.5%

BRLT stock opened at $1.31 on Thursday. The company’s fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.30. Brilliant Earth Group, Inc. has a 12-month low of $1.00 and a 12-month high of $3.10. The firm has a market cap of $132.45 million, a price-to-earnings ratio of -4.52 and a beta of 1.38.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (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 company had revenue of $115.11 million for the quarter, compared to the consensus estimate of $111.39 million. Research analysts expect that Brilliant Earth Group, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Brilliant Earth Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Brilliant Earth Group currently has an average rating of “Reduce” and a consensus target price of $1.74.

Institutional Trading of Brilliant Earth Group

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Brilliant Earth Group during the 3rd quarter valued at $32,000. Algert Global LLC bought a new stake in shares of Brilliant Earth Group during the third quarter worth about $40,000. Squarepoint Ops LLC acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter worth about $81,000. Millennium Management LLC bought a new position in Brilliant Earth Group in the 3rd quarter valued at about $84,000. Finally, Susquehanna International Group LLP boosted its stake in 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 purchasing an additional 37,774 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

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.