Jennifer Noel Harris Sells 20,020 Shares of Brilliant Earth Group (NASDAQ:BRLT) Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Director Jennifer Noel Harris sold 20,020 shares of Brilliant Earth Group stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $1.07, for a total value of $21,421.40. Following the sale, the director owned 232,302 shares in the company, valued at $248,563.14. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Noel Harris also recently made the following trade(s):

• On Monday, June 22nd, Jennifer Noel Harris sold 18,336 shares of Brilliant Earth Group stock. The shares were sold at an average price of $1.03, for a total value of $18,886.08.

Brilliant Earth Group Price Performance

Shares of NASDAQ:BRLT opened at $1.16 on Thursday. Brilliant Earth Group, Inc. has a 1 year low of $1.01 and a 1 year high of $3.10. The company has a market capitalization of $117.29 million, a PE ratio of -3.74 and a beta of 1.36. The business has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.46.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $99.50 million for the quarter, compared to analysts’ expectations of $98.16 million. Brilliant Earth Group had a negative return on equity of 18.23% and a negative net margin of 0.71%. Sell-side analysts anticipate that Brilliant Earth Group, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating on the stock in a research note on Friday, March 6th. Jefferies Financial Group restated a “hold” rating and set a $1.85 price target on shares of Brilliant Earth Group in a research note on Thursday, March 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Brilliant Earth Group in a report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Brilliant Earth Group in a research note on Friday, March 6th. Finally, B. Riley Financial reissued a “neutral” rating and set a $1.50 price objective (down from $3.00) on shares of Brilliant Earth Group in a report on Friday, March 6th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $1.74.

Institutional Investors Weigh In On Brilliant Earth Group

Institutional investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in Brilliant Earth Group by 13.2% during the third quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after purchasing an additional 122,460 shares during the period. Vanguard Group Inc. raised its position in shares of Brilliant Earth Group by 13.2% in the third 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 during the period. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 22,000 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Brilliant Earth Group during the 3rd quarter valued at approximately $308,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Brilliant Earth Group by 257.0% during the 3rd quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock valued at $109,000 after buying an additional 37,774 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.

About Brilliant Earth Group

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.