Brilliant Earth Group (NASDAQ:BRLT) Issues Earnings Results

Brilliant Earth Group (NASDAQ:BRLT) released its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, FiscalAI reports. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%.The company had revenue of $110.25 million for the quarter, compared to the consensus estimate of $109.10 million. Brilliant Earth Group updated its FY 2025 guidance to EPS.

Brilliant Earth Group Trading Up 5.3%

Shares of BRLT traded up $0.14 during mid-day trading on Friday, hitting $2.80. 257,639 shares of the company traded hands, compared to its average volume of 122,756. The stock has a market capitalization of $279.30 million, a price-to-earnings ratio of -93.33 and a beta of 1.39. The business has a 50-day moving average of $2.47 and a 200 day moving average of $1.90. Brilliant Earth Group has a one year low of $1.25 and a one year high of $3.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brilliant Earth Group stock. Vanguard Group Inc. increased its position in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,770 shares of the company’s stock after acquiring an additional 70,833 shares during the quarter. Vanguard Group Inc. owned about 0.61% of Brilliant Earth Group worth $1,254,000 at the end of the most recent quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cowen reaffirmed a “hold” rating on shares of Brilliant Earth Group in a research note on Friday, August 8th. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a research note on Wednesday. B. Riley began coverage on shares of Brilliant Earth Group in a research report on Tuesday, October 7th. They set a “buy” rating and a $3.00 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Brilliant Earth Group to a “strong-buy” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $2.20.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.