Blue Nile Inc. (NASDAQ:NILE)’s share price shot up 5.3% during trading on Thursday . The stock traded as high as $30.58 and last traded at $30.49, with a volume of 51,009 shares trading hands. The stock had previously closed at $28.95.

Several brokerages have recently commented on NILE. Zacks Investment Research lowered Blue Nile from a “hold” rating to a “sell” rating in a research note on Thursday. William Blair began coverage on Blue Nile in a research note on Friday, June 10th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Blue Nile presently has an average rating of “Hold” and a consensus target price of $25.67.

The stock has a market cap of $350.63 million and a PE ratio of 34.61. The stock has a 50-day moving average of $28.74 and a 200-day moving average of $27.25.

Blue Nile (NASDAQ:NILE) last released its quarterly earnings data on Monday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.03. The company earned $113.77 million during the quarter, compared to analysts’ expectations of $113.95 million. Blue Nile’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts forecast that Blue Nile Inc. will post $0.88 earnings per share for the current year.

Blue Nile, Inc is an online retailer of diamonds and fine jewelry. The Company operates through the online retail jewelry segment. It sells its products through the Blue Nile Website in over 40 countries and territories across the world. Its domestic sales consist of products delivered to customers within the United States and its international sales consist of products delivered to customers outside the United States.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.