Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) Director Jennifer Noel Harris sold 18,336 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $1.03, for a total value of $18,886.08. Following the sale, the director directly owned 213,966 shares in the company, valued at $220,384.98. This represents a 7.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Thursday, June 18th, Jennifer Noel Harris sold 20,020 shares of Brilliant Earth Group stock. The shares were sold at an average price of $1.07, for a total value of $21,421.40.
Brilliant Earth Group Stock Performance
Shares of BRLT stock remained flat at $1.05 on Tuesday. The stock had a trading volume of 43,536 shares, compared to its average volume of 67,804. Brilliant Earth Group, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.10. The stock has a market capitalization of $106.17 million, a price-to-earnings ratio of -3.39 and a beta of 1.36. The company’s fifty day simple moving average is $1.28 and its 200-day simple moving average is $1.47.
Hedge Funds Weigh In On Brilliant Earth Group
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock valued at $1,254,000 after buying an additional 70,833 shares during the period. Capital World Investors boosted its stake in shares of Brilliant Earth Group by 13.2% in the third quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after purchasing an additional 122,460 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Brilliant Earth Group in the third quarter worth $81,000. Two Sigma Investments LP purchased a new stake in Brilliant Earth Group during the 3rd quarter worth about $308,000. Finally, Virtu Financial LLC acquired a new stake in Brilliant Earth Group in the third quarter valued at approximately $32,000. 70.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on BRLT shares. Morgan Stanley cut shares of Brilliant Earth Group to a “sector weight” rating in a research note on Friday, March 6th. Jefferies Financial Group reissued a “hold” rating and set a $1.85 price target on shares of Brilliant Earth Group in a report on Thursday, March 5th. TD Cowen cut their price objective on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating for the company in a report on Friday, March 6th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Brilliant Earth Group in a research report on Monday, March 2nd. Finally, Weiss Ratings raised Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $1.74.
Get Our Latest Stock Analysis on Brilliant Earth Group
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.
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