Brilliant Earth Group, Inc. (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo Sells 8,119 Shares

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) CFO Jeffrey Chuenhong Kuo sold 8,119 shares of the firm's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $2.43, for a total value of $19,729.17. Following the completion of the sale, the chief financial officer now directly owns 490,823 shares in the company, valued at approximately $1,192,699.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jeffrey Chuenhong Kuo also recently made the following trade(s):

• On Tuesday, February 20th, Jeffrey Chuenhong Kuo sold 6,024 shares of Brilliant Earth Group stock. The shares were sold at an average price of $3.01, for a total value of $18,132.24.

Brilliant Earth Group Trading Down 4.8 %

NASDAQ:BRLT traded down $0.12 on Friday, reaching $2.38. 180,458 shares of the stock traded hands, compared to its average volume of 45,313. Brilliant Earth Group, Inc. has a 1-year low of $2.04 and a 1-year high of $4.29. The company has a current ratio of 2.88, a quick ratio of 2.17 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $2.75 and its 200-day moving average is $2.91. The firm has a market capitalization of $232.91 million, a price-to-earnings ratio of 39.67 and a beta of 1.63.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $97.73 million. Brilliant Earth Group had a return on equity of 7.32% and a net margin of 0.55%. During the same period in the previous year, the firm earned $0.01 earnings per share. Equities research analysts anticipate that Brilliant Earth Group, Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BRLT. KeyCorp dropped their target price on shares of Brilliant Earth Group from $6.00 to $3.00 and set an "overweight" rating for the company in a report on Monday, April 29th. TD Cowen dropped their price objective on shares of Brilliant Earth Group from $3.40 to $3.00 and set a "market perform" rating for the company in a research note on Friday, March 15th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $4.00 price target on shares of Brilliant Earth Group in a research note on Friday, May 10th.

Institutional Trading of Brilliant Earth Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mainsail Management Company LLC bought a new position in shares of Brilliant Earth Group in the 3rd quarter worth $94,299,000. Federated Hermes Inc. boosted its holdings in Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company's stock worth $354,000 after acquiring an additional 7,920 shares during the last quarter. Finally, Avestar Capital LLC grew its stake in shares of Brilliant Earth Group by 25.0% in the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company's stock worth $93,000 after acquiring an additional 5,000 shares in the last quarter. 70.41% of the stock is owned by institutional investors.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.

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