Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Short Interest Report for September

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 53,535 shares, a decline of 48.5% from the September 15th total of 103,860 shares. Based on an average daily trading volume, of 33,612 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.3% of the company’s stock are sold short.

Insider Buying and Selling at Brilliant Earth Group

In other news, Director Gavin Turner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $1.29, for a total value of $64,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 83.20% of the stock is owned by company insiders.

Brilliant Earth Group Stock Down 1.7%

Shares of NASDAQ BRLT traded down $0.02 during trading hours on Thursday, hitting $1.42. The company had a trading volume of 27,630 shares, compared to its average volume of 79,596. Brilliant Earth Group has a 1-year low of $1.00 and a 1-year high of $2.90. The stock has a market capitalization of $144.18 million, a P/E ratio of -4.88 and a beta of 1.42. The firm’s 50 day moving average is $1.37 and its 200-day moving average is $1.28.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share 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 for the quarter, compared to analysts’ expectations of $111.39 million. On average, sell-side analysts predict that Brilliant Earth Group will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Brilliant Earth Group currently has an average rating of “Reduce” and a consensus target price of $1.74.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally native, omnichannel fine jewelry company operating under the Brilliant Earth brand. The company sells engagement rings, wedding bands, fine jewelry, and other diamond and gemstone products through its website and a network of showrooms in the United States.

Its product offerings include jewelry featuring natural and lab-grown diamonds, colored gemstones, and precious metals. Brilliant Earth emphasizes customization and provides customers with options related to diamond sourcing, including information about origin and traceability.