Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 29,404 shares, a decline of 45.1% from the September 30th total of 53,535 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 71,904 shares, the days-to-cover ratio is currently 0.4 days.
Insider Transactions at Brilliant Earth Group
In related news, Director Gavin Turner sold 50,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $1.29, for a total transaction of $64,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 83.20% of the company’s stock.
Brilliant Earth Group Stock Up 0.6%
Shares of NASDAQ BRLT traded up $0.01 on Monday, hitting $1.58. The company had a trading volume of 36,540 shares, compared to its average volume of 78,202. The business has a 50 day moving average of $1.42 and a two-hundred day moving average of $1.35. The firm has a market capitalization of $160.88 million, a P/E ratio of -5.45 and a beta of 1.47. Brilliant Earth Group has a 12-month low of $1.00 and a 12-month high of $2.90.
Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $115.11 million during the quarter, compared to the consensus estimate of $111.39 million. Brilliant Earth Group had a negative return on equity of 15.48% and a negative net margin of 0.66%. On average, sell-side analysts anticipate that Brilliant Earth Group will post 0.02 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded 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 MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $1.74.
View Our Latest Report on BRLT
About Brilliant Earth Group
Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.
The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.
Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.
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