Brilliant Earth Group, Inc. (BRLT) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts remain cautious: Eight brokerages give Brilliant Earth Group a consensus “Reduce” rating—one sell and seven holds—with an average 12-month price target of $1.74.
• Recent operating results were mixed: The company reported quarterly earnings of $0.03 per share and revenue of $115.11 million, exceeding the $111.39 million analyst estimate, but maintained negative net margins and return on equity.
• Insider ownership is high, but a director sold shares: Director Gavin Turner sold 50,000 shares for approximately $64,500, while insiders collectively own 83.2% of the company.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) has been given a consensus recommendation of "Reduce" by the eight research firms that are presently covering the firm, Marketbeat reports. One equities 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 brokerages that have issued a report on the stock in the last year is $1.74.

Separately, Weiss Ratings raised shares of Brilliant Earth Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th.

Insider Buying and Selling at Brilliant Earth Group

In other news, Director Gavin Turner sold 50,000 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $1.29, for a total value of $64,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 83.20% of the company's stock.

Brilliant Earth Group Stock Performance

Shares of Brilliant Earth Group stock opened at $1.53 on Tuesday. Brilliant Earth Group has a one year low of $1.00 and a one year high of $2.90. The company has a market cap of $155.79 million, a PE ratio of -5.28 and a beta of 1.42. The business has a 50-day simple moving average of $1.35 and a 200-day simple moving average of $1.27.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The firm had revenue of $115.11 million for the quarter, compared to analyst estimates of $111.39 million. On average, sell-side analysts predict that Brilliant Earth Group will post 0.02 earnings per share for the current fiscal year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally native, omnichannel fine jewelry company operating under the Brilliant Earth brand. The company sells engagement rings, wedding bands, fine jewelry, and other diamond and gemstone products through its website and a network of showrooms in the United States.

Its product offerings include jewelry featuring natural and lab-grown diamonds, colored gemstones, and precious metals. Brilliant Earth emphasizes customization and provides customers with options related to diamond sourcing, including information about origin and traceability.

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