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

Brilliant Earth Group, Inc. (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo bought 10,000 shares of Brilliant Earth Group stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $1.36 per share, for a total transaction of $13,600.00. Following the transaction, the chief financial officer directly owned 693,130 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brilliant Earth Group Trading Up 2.5%

NASDAQ BRLT opened at $1.25 on Wednesday. The stock has a market cap of $127.28 million, a PE ratio of -4.31 and a beta of 1.38. Brilliant Earth Group, Inc. has a twelve month low of $1.00 and a twelve month high of $3.10. The stock has a fifty day simple moving average of $1.16 and a 200-day simple moving average of $1.29.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The firm had revenue of $115.11 million for the quarter, compared to analyst estimates of $111.39 million. Research analysts predict that Brilliant Earth Group, Inc. will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors and hedge funds have recently modified their holdings of BRLT. Capital World Investors boosted its holdings in Brilliant Earth Group by 13.2% during the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after acquiring an additional 122,460 shares during the period. Vanguard Group Inc. increased its stake in Brilliant Earth Group by 13.2% during the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after purchasing an additional 70,833 shares during the period. Potomac Capital Management Inc. purchased a new stake in Brilliant Earth Group during the fourth quarter worth about $422,000. Renaissance Technologies LLC lifted its position in shares of Brilliant Earth Group by 11.2% during the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the company’s stock worth $382,000 after purchasing an additional 22,000 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Brilliant Earth Group during the third quarter worth about $308,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Analysts Set New Price Targets

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, August 13th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $1.74.

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.