Brilliant Earth Group (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo Buys 10,000 Shares of Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo bought 10,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $1.36 per share, with a total value of $13,600.00. Following the purchase, the chief financial officer owned 693,130 shares in the company, valued at $942,656.80. The trade was a 1.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brilliant Earth Group Stock Down 8.3%

Shares of NASDAQ BRLT opened at $1.22 on Tuesday. Brilliant Earth Group, Inc. has a 52 week low of $1.00 and a 52 week high of $3.10. The firm’s fifty day moving average is $1.16 and its 200 day moving average is $1.30. The company has a market cap of $124.22 million, a price-to-earnings ratio of -4.21 and a beta of 1.38.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter. Brilliant Earth Group had a negative return on equity of 15.48% and a negative net margin of 0.66%.The business had revenue of $115.11 million during the quarter, compared to analyst estimates of $111.39 million. Equities research analysts anticipate that Brilliant Earth Group, Inc. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Brilliant Earth Group

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Brilliant Earth Group in the third quarter valued at about $32,000. Algert Global LLC bought a new stake in Brilliant Earth Group in the third quarter worth $40,000. Squarepoint Ops LLC bought a new stake in Brilliant Earth Group in the third quarter worth $81,000. Millennium Management LLC purchased a new stake in Brilliant Earth Group during the third quarter valued at $84,000. Finally, Susquehanna International Group LLP lifted 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 purchasing an additional 37,774 shares during the last quarter. Institutional investors own 70.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brilliant Earth Group currently has an average rating of “Reduce” and a consensus price target of $1.74.

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.