Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) 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.
View Our Latest Stock Report on BRLT
Brilliant Earth Group Trading Down 1.4 %
Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) 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.
Further Reading
- Five stocks we like better than Brilliant Earth Group
- 10 Best Airline Stocks to Buy
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What Are the FAANG Stocks and Are They Good Investments?
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Brilliant Earth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brilliant Earth Group and related companies with MarketBeat.com's FREE daily email newsletter.