Brilliant Earth Group, Inc. (NASDAQ:BRLT) Sees Significant Decline in Short Interest

Brilliant Earth Group, Inc. (NASDAQ:BRLT) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 29,404 shares, a decrease of 45.1% from the September 30th total of 53,535 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 71,904 shares, the days-to-cover ratio is currently 0.4 days.

Brilliant Earth Group Stock Down 1.3%

Shares of Brilliant Earth Group stock traded down $0.02 during mid-day trading on Friday, reaching $1.57. 57,653 shares of the stock traded hands, compared to its average volume of 63,246. The business has a 50-day moving average of $1.42 and a 200 day moving average of $1.35. The stock has a market capitalization of $159.86 million, a PE ratio of -5.41 and a beta of 1.42. Brilliant Earth Group has a fifty-two week low of $1.00 and a fifty-two week high of $2.90.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (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 business had revenue of $115.11 million during the quarter, compared to analyst estimates of $111.39 million. On average, equities research analysts expect that Brilliant Earth Group will post 0.02 EPS for the current fiscal year.

Insider Activity at Brilliant Earth Group

In other Brilliant Earth Group news, Director Gavin Turner sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 83.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Brilliant Earth Group presently has a consensus rating of “Reduce” and a consensus target price of $1.74.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.