Brilliant Earth Group (NASDAQ:BRLT) Director Sells $21,421.40 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Jennifer Noel Harris sold 20,020 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $1.07, for a total value of $21,421.40. Following the completion of the transaction, the director owned 232,302 shares of the company’s stock, valued at $248,563.14. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Noel Harris also recently made the following trade(s):

• On Monday, June 22nd, Jennifer Noel Harris sold 18,336 shares of Brilliant Earth Group stock. The shares were sold at an average price of $1.03, for a total value of $18,886.08.

Brilliant Earth Group Price Performance

NASDAQ:BRLT remained flat at $1.05 during mid-day trading on Tuesday. The company had a trading volume of 43,536 shares, compared to its average volume of 67,804. The company has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.47. The company has a market capitalization of $106.17 million, a PE ratio of -3.39 and a beta of 1.36. Brilliant Earth Group, Inc. has a one year low of $1.01 and a one year high of $3.10.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. The business had revenue of $99.50 million for the quarter, compared to analysts’ expectations of $98.16 million. Equities research analysts anticipate that Brilliant Earth Group, Inc. will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on BRLT shares. B. Riley Financial restated a “neutral” rating and set a $1.50 price target (down from $3.00) on shares of Brilliant Earth Group in a research report on Friday, March 6th. Jefferies Financial Group restated a “hold” rating and set a $1.85 price target on shares of Brilliant Earth Group in a research report on Thursday, March 5th. Weiss Ratings upgraded Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Morgan Stanley lowered Brilliant Earth Group to a “sector weight” rating in a research note on Friday, March 6th. Finally, TD Cowen cut their target price on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating on the stock in a report on Friday, March 6th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brilliant Earth Group currently has an average rating of “Reduce” and an average price target of $1.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its position in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after purchasing an additional 122,460 shares during the period. Vanguard Group Inc. lifted its holdings in Brilliant Earth Group by 13.2% in the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after buying an additional 70,833 shares during the period. Potomac Capital Management Inc. purchased a new position in shares of Brilliant Earth Group during the 4th quarter worth approximately $422,000. Renaissance Technologies LLC raised its position in shares of Brilliant Earth Group by 11.2% in the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after acquiring an additional 22,000 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Brilliant Earth Group in the 3rd quarter worth approximately $308,000. 70.41% of the stock is currently owned by institutional investors.

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.