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 the stock in a transaction on 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 owned 232,302 shares of the company’s stock, valued at approximately $248,563.14. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $1.03, for a total transaction of $18,886.08.

Brilliant Earth Group Stock Performance

BRLT stock opened at $1.10 on Friday. The firm has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.45. Brilliant Earth Group, Inc. has a 52-week low of $1.01 and a 52-week high of $3.10. The firm has a market capitalization of $111.22 million, a price-to-earnings ratio of -3.55 and a beta of 1.36.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $99.50 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Brilliant Earth Group, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

BRLT has been the subject of several recent analyst reports. Weiss Ratings upgraded Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. TD Cowen dropped their price target on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating on the stock in a report on Friday, March 6th. Morgan Stanley lowered shares of Brilliant Earth Group to a “sector weight” rating in a research note on Friday, March 6th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a report on Monday, March 2nd. Finally, B. Riley Financial restated a “neutral” rating and set a $1.50 price objective (down from $3.00) on shares of Brilliant Earth Group in a research report on Friday, March 6th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brilliant Earth Group has a consensus rating of “Reduce” and a consensus target price of $1.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Brilliant Earth Group during the 3rd quarter valued at about $32,000. Algert Global LLC bought a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $40,000. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 22,000 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Brilliant Earth Group by 58.0% in the fourth 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 grew 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 valued at $109,000 after buying an additional 37,774 shares during the period. Institutional investors 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.