Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Update

Brilliant Earth Group, Inc. (NASDAQ:BRLT) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 106,100 shares, a decline of 12.4% from the May 31st total of 121,100 shares. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is currently 2.5 days. Currently, 0.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $4.00 price objective on shares of Brilliant Earth Group in a research report on Friday, May 10th. TD Cowen reduced their price objective on Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, March 15th. Finally, KeyCorp reduced their price objective on Brilliant Earth Group from $6.00 to $3.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th.

Brilliant Earth Group Trading Down 1.4 %

Shares of NASDAQ BRLT traded down $0.03 during trading on Monday, reaching $2.19. The company had a trading volume of 30,138 shares, compared to its average volume of 45,541. The company’s fifty day moving average price is $2.42 and its 200-day moving average price is $2.84. Brilliant Earth Group has a 12 month low of $2.04 and a 12 month high of $4.29. The stock has a market cap of $214.31 million, a P/E ratio of 37.01 and a beta of 1.56. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.54.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Brilliant Earth Group had a return on equity of 7.32% and a net margin of 0.55%. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $97.73 million. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, research analysts expect that Brilliant Earth Group will post -0.01 earnings per share for the current year.

Insider Transactions at Brilliant Earth Group

In other news, Director Jennifer Noel Harris sold 15,176 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $2.19, for a total transaction of $33,235.44. Following the completion of the transaction, the director now owns 42,844 shares of the company’s stock, valued at approximately $93,828.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 84.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Brilliant Earth Group

A number of institutional investors have recently made changes to their positions in the stock. Avestar Capital LLC grew its position in shares of Brilliant Earth Group by 25.0% in the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock valued at $93,000 after buying an additional 5,000 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock valued at $354,000 after purchasing an additional 7,920 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Brilliant Earth Group during the 1st quarter valued at about $56,000. Institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.