Brilliant Earth Group, Inc. (NASDAQ:BRLT) Sees Significant Decrease in Short Interest

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 158,500 shares, a decline of 5.7% from the March 15th total of 168,100 shares. Based on an average trading volume of 45,900 shares, the short-interest ratio is presently 3.5 days. Approximately 1.3% of the company's stock are sold short.

Analyst Ratings Changes

A number of research firms recently issued reports on BRLT. Telsey Advisory Group reiterated an "outperform" rating and set a $4.00 target price on shares of Brilliant Earth Group in a research report on Friday, March 15th. TD Cowen lowered their price objective on shares of Brilliant Earth Group from $3.40 to $3.00 and set a "market perform" rating on the stock in a report on Friday, March 15th.

Brilliant Earth Group Stock Down 0.4 %

BRLT traded down $0.01 during trading on Tuesday, hitting $2.70. 33,771 shares of the company's stock were exchanged, compared to its average volume of 45,332. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $2.91 and its two-hundred day moving average is $2.95. Brilliant Earth Group has a fifty-two week low of $2.04 and a fifty-two week high of $4.29. The stock has a market cap of $264.22 million, a P/E ratio of 54.01 and a beta of 1.61.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.51% and a return on equity of 7.19%. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $125.10 million. As a group, equities analysts expect that Brilliant Earth Group will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Brilliant Earth Group

Several institutional investors have recently made changes to their positions in the company. Mainsail Management Company LLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth $137,772,000. Vanguard Group Inc. grew its stake in shares of Brilliant Earth Group by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 981,765 shares of the company's stock worth $5,626,000 after acquiring an additional 41,562 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Brilliant Earth Group by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 893,113 shares of the company's stock worth $3,492,000 after acquiring an additional 97,134 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Brilliant Earth Group by 7.1% in 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 in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Brilliant Earth Group in the 1st quarter worth $1,230,000. Institutional investors own 70.41% of the company's stock.

Brilliant Earth Group Company Profile

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.