Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 143,445 shares, an increase of 220.9% from the July 30th total of 44,701 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 246,671 shares, the days-to-cover ratio is currently 0.6 days.
Brilliant Earth Group Price Performance
Shares of NASDAQ BRLT traded down $0.03 during trading on Friday, hitting $1.28. 11,637 shares of the company were exchanged, compared to its average volume of 80,311. The company has a market cap of $130.33 million, a price-to-earnings ratio of -4.41 and a beta of 1.38. Brilliant Earth Group has a 1 year low of $1.00 and a 1 year high of $3.10. The firm’s fifty day moving average price is $1.18 and its 200 day moving average price is $1.28.
Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The business had revenue of $115.11 million during the quarter, compared to the consensus estimate of $111.39 million. On average, research analysts forecast that Brilliant Earth Group will post 0.02 earnings per share for the current year.
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter worth approximately $32,000. Algert Global LLC purchased a new position in Brilliant Earth Group in the 3rd quarter valued at approximately $40,000. Squarepoint Ops LLC acquired a new position in Brilliant Earth Group during the third quarter worth $81,000. Millennium Management LLC purchased a new stake in Brilliant Earth Group during the third quarter worth $84,000. Finally, Susquehanna International Group LLP boosted 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 worth $109,000 after purchasing an additional 37,774 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Seven research 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, the stock presently has an average rating of “Reduce” and an average target price of $1.74.
View Our Latest Stock Report on BRLT
Brilliant Earth Group Company Profile
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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