Brilliant Earth Group Inc (NASDAQ:BRLT) Chairman Sells $210,476.28 in Stock

Brilliant Earth Group Inc (NASDAQ:BRLT) Chairman Eric Scott Grossberg sold 15,897 shares of Brilliant Earth Group stock in a transaction that occurred on Friday, January 14th. The shares were sold at an average price of $13.24, for a total transaction of $210,476.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Eric Scott Grossberg also recently made the following trade(s):

  • On Wednesday, January 12th, Eric Scott Grossberg sold 213,518 shares of Brilliant Earth Group stock. The shares were sold at an average price of $13.43, for a total transaction of $2,867,546.74.

Shares of NASDAQ BRLT traded down $1.51 during mid-day trading on Friday, hitting $12.42. The stock had a trading volume of 1,296,379 shares, compared to its average volume of 402,378. The company has a quick ratio of 2.15, a current ratio of 2.40 and a debt-to-equity ratio of 0.61. Brilliant Earth Group Inc has a 1 year low of $10.63 and a 1 year high of $20.39. The business’s 50 day moving average price is $16.53.

Brilliant Earth Group (NASDAQ:BRLT) last issued its earnings results on Friday, November 12th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $87.10 million. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. Equities research analysts anticipate that Brilliant Earth Group Inc will post 0.3 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Brilliant Earth Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, November 15th. KeyCorp boosted their price objective on shares of Brilliant Earth Group from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, November 15th. Credit Suisse Group boosted their price objective on shares of Brilliant Earth Group from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, November 15th. JPMorgan Chase & Co. assumed coverage on shares of Brilliant Earth Group in a report on Monday, October 18th. They issued an “overweight” rating and a $16.00 price objective for the company. Finally, Piper Sandler assumed coverage on shares of Brilliant Earth Group in a report on Monday, October 18th. They issued an “overweight” rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $19.00.

Institutional investors have recently modified their holdings of the business. Monashee Investment Management LLC purchased a new position in Brilliant Earth Group during the 3rd quarter valued at $402,000. Lisanti Capital Growth LLC purchased a new position in Brilliant Earth Group during the 3rd quarter valued at $2,048,000. Millennium Management LLC purchased a new position in Brilliant Earth Group during the 3rd quarter valued at $10,068,000. Point72 Asset Management L.P. purchased a new position in Brilliant Earth Group during the 3rd quarter valued at $670,000. Finally, Brookfield Asset Management Inc. purchased a new position in Brilliant Earth Group during the 3rd quarter valued at $1,340,000. 93.58% of the stock is currently owned by institutional investors and hedge funds.

Brilliant Earth Group Company Profile

Brilliant Earth Group Inc is a digital-first jewelry company. Brilliant Earth Group Inc is headquartered in San Francisco, CA.

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