Brilliant Earth Group, Inc. (NASDAQ:BRLT) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts give Brilliant Earth an average rating of "Reduce" from eight analysts (one sell, seven hold) with a 1‑year average target price of $1.7375.
• The company missed quarterly expectations, reporting EPS of ($0.06) vs. consensus $0.02 and revenue of $124.41M vs. $125.33M, with a negative net margin (0.48%) and negative ROE (12.33%).
• Insider Sharon Dziesietnik sold 19,687 shares at $1.37 (a 4.22% reduction in her stake); company insiders collectively own 83.90% of the stock.

Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) have been assigned an average rating of "Reduce" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1.7375.

Several equities analysts recently issued reports on BRLT shares. Morgan Stanley cut shares of Brilliant Earth Group to a "sector weight" rating in a research report on Friday, March 6th. Jefferies Financial Group restated a "hold" rating and issued a $1.85 price objective on shares of Brilliant Earth Group in a report on Thursday, March 5th. KeyCorp reiterated a "sector weight" rating on shares of Brilliant Earth Group in a report on Friday, March 6th. B. Riley Financial reissued a "neutral" rating and issued a $1.50 target price (down from $3.00) on shares of Brilliant Earth Group in a research report on Friday, March 6th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st.

Insider Transactions at Brilliant Earth Group

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 19,687 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total value of $26,971.19. Following the completion of the transaction, the insider owned 446,736 shares in the company, valued at approximately $612,028.32. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 83.90% of the company's stock.

Institutional Trading of Brilliant Earth Group

A number of hedge funds have recently modified their holdings of BRLT. Capital World Investors increased its stake in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company's stock worth $2,178,000 after acquiring an additional 122,460 shares in the last quarter. Vanguard Group Inc. lifted its position in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company's stock valued at $1,254,000 after acquiring an additional 70,833 shares during the period. Potomac Capital Management Inc. bought a new stake in Brilliant Earth Group during the fourth quarter worth about $422,000. Renaissance Technologies LLC grew its holdings in Brilliant Earth Group by 11.2% in the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the company's stock worth $382,000 after purchasing an additional 22,000 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Brilliant Earth Group in the third quarter worth about $308,000. Institutional investors own 70.41% of the company's stock.

Brilliant Earth Group Price Performance

Shares of BRLT stock opened at $1.30 on Friday. The firm has a market capitalization of $129.68 million, a price-to-earnings ratio of -5.42 and a beta of 1.40. The stock has a fifty day moving average of $1.48 and a 200 day moving average of $1.90. Brilliant Earth Group has a 52 week low of $1.23 and a 52 week high of $3.10.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.08). Brilliant Earth Group had a negative net margin of 0.48% and a negative return on equity of 12.33%. The company had revenue of $124.41 million for the quarter, compared to analysts' expectations of $125.33 million. Equities research analysts anticipate that Brilliant Earth Group will post -0.02 earnings per share for the current year.

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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