Brilliant Earth Group (NASDAQ:BRLT – Free Report) had its target price reduced by TD Cowen from $3.40 to $3.00 in a research report released on Friday morning, Benzinga reports. TD Cowen currently has a market perform rating on the stock.
Brilliant Earth Group Trading Up 12.5 %
Shares of BRLT stock traded up $0.33 during mid-day trading on Friday, hitting $2.96. The company’s stock had a trading volume of 116,141 shares, compared to its average volume of 48,978. The company’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.97. Brilliant Earth Group has a 52 week low of $2.04 and a 52 week high of $4.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.24 and a current ratio of 2.77. The company has a market cap of $287.39 million, a PE ratio of 59.21 and a beta of 1.59.
Insider Transactions at Brilliant Earth Group
In other news, major shareholder Mainsail Gp Iii, Llc sold 8,233 shares of Brilliant Earth Group stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $3.51, for a total value of $28,897.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gavin Turner sold 9,191 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $3.52, for a total value of $32,352.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mainsail Gp Iii, Llc sold 8,233 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $3.51, for a total value of $28,897.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,024 shares of company stock valued at $245,721. Corporate insiders own 85.81% of the company’s stock.
Institutional Trading of Brilliant Earth Group
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.
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