Jeffrey Chuenhong Kuo Acquires 10,000 Shares of Brilliant Earth Group (NASDAQ:BRLT) Stock

Key Points

• CFO Jeffrey Chuenhong Kuo purchased 10,000 Brilliant Earth shares at $1.36 each, investing $13,600 and increasing his stake by 1.46% to 693,130 shares.
• Brilliant Earth reported quarterly revenue of $115.11 million, exceeding analyst estimates of $111.39 million, and posted EPS of $0.03; however, profitability metrics remained negative.
• BRLT shares opened at $1.33, within a 52-week range of $1.00 to $3.10. Analysts’ consensus rating is “Reduce”, with a $1.74 price target, while institutional investors own 70.41% of the stock.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) CFO Jeffrey Chuenhong Kuo acquired 10,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $1.36 per share, for a total transaction of $13,600.00. Following the completion of the acquisition, the chief financial officer owned 693,130 shares in the company, valued at approximately $942,656.80. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brilliant Earth Group Stock Performance

Shares of NASDAQ:BRLT opened at $1.33 on Monday. Brilliant Earth Group, Inc. has a 1 year low of $1.00 and a 1 year high of $3.10. The stock has a market capitalization of $135.42 million, a P/E ratio of -4.59 and a beta of 1.38. The stock has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.30.

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

Wall Street Analyst Weigh In

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. 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, Brilliant Earth Group presently has an average rating of "Reduce" and a consensus price target of $1.74.

Hedge Funds Weigh In On Brilliant Earth Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Brilliant Earth Group by 11.2% in the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the company's stock valued at $382,000 after acquiring an additional 22,000 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of 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. Two Sigma Investments LP purchased a new position in shares of Brilliant Earth Group in the third quarter valued at $308,000. Capital World Investors boosted its stake in shares of Brilliant Earth Group by 13.2% in the third quarter. Capital World Investors now owns 1,052,309 shares of the company's stock valued at $2,178,000 after purchasing an additional 122,460 shares during the period. Finally, Vanguard Group Inc. grew its holdings 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 purchasing an additional 70,833 shares in the last quarter. 70.41% of the stock is owned by institutional investors and hedge funds.

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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