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

Key Points

• Analysts maintain a cautious outlook: Eight brokerages give Brilliant Earth Group an average “Reduce” rating—one sell and seven holds—with an average 12-month price target of $1.7375.
• Quarterly results exceeded expectations: The company reported $0.03 in EPS and $115.11 million in revenue, topping the $111.39 million consensus estimate, though profitability remained weak with a negative net margin and return on equity.
• Shares remain near their lows: BRLT opened at $1.43, compared with a 52-week range of $1.00 to $2.90; an insider also sold 50,000 shares for $64,500, while insiders own 83.2% of the stock.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) has been assigned an average recommendation of "Reduce" from the eight brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1.7375.

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

Insider Activity at Brilliant Earth Group

In other Brilliant Earth Group news, Director Gavin Turner sold 50,000 shares of Brilliant Earth Group 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 83.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brilliant Earth Group stock. Potomac Capital Management Inc. acquired a new stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 241,000 shares of the company's stock, valued at approximately $422,000. Potomac Capital Management Inc. owned about 0.24% of Brilliant Earth Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 70.41% of the company's stock.

Brilliant Earth Group Stock Up 3.6%

BRLT opened at $1.43 on Friday. The company has a market capitalization of $145.60 million, a PE ratio of -4.93 and a beta of 1.42. Brilliant Earth Group has a 52 week low of $1.00 and a 52 week high of $2.90. The firm has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $1.27.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $115.11 million for 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%. As a group, sell-side analysts expect that Brilliant Earth Group will post 0.02 earnings per share for the current year.

About Brilliant Earth Group

Brilliant Earth Group, Inc is a digitally native, omnichannel jewelry company that designs and sells engagement rings, wedding bands, fine jewelry and other diamond and gemstone products. The company is known for offering diamonds and gemstones with an emphasis on sourcing transparency, including lab-grown diamonds and recycled precious metals.

Brilliant Earth sells its products through its e-commerce platform and a network of showrooms in the United States. Its services include virtual and in-person consultations, appointment-based shopping, custom jewelry design and tools that allow customers to select and personalize diamonds, gemstones and settings.

The company was founded in 2005 by Beth Gerstein and Eric Grossberg.

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