Sharon Dziesietnik Sells 20,792 Shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 20,792 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now owns 371,329 shares in the company, valued at approximately $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sharon Dziesietnik also recently made the following trade(s):

• On Friday, December 13th, Sharon Dziesietnik sold 5,324 shares of Brilliant Earth Group stock. The stock was sold at an average price of $1.96, for a total value of $10,435.04.

Brilliant Earth Group Stock Up 2.9 %

Shares of BRLT stock opened at $1.44 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. Brilliant Earth Group, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $3.21. The firm has a market capitalization of $141.91 million, a PE ratio of 48.02 and a beta of 1.58. The stock’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.90.

Analyst Ratings Changes

BRLT has been the topic of several recent analyst reports. Jefferies Financial Group downgraded shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $1.60 in a report on Tuesday, February 4th. Telsey Advisory Group lowered shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $3.00 to $2.00 in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Brilliant Earth Group presently has a consensus rating of “Hold” and an average target price of $2.40.

Hedge Funds Weigh In On Brilliant Earth Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Capital Management LLC lifted its stake in Brilliant Earth Group by 166.0% during the 3rd quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after acquiring an additional 8,300 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Brilliant Earth Group during the fourth quarter worth $128,000. Klingman & Associates LLC acquired a new position in Brilliant Earth Group during the fourth quarter valued at $193,000. Impact Investors Inc purchased a new stake in Brilliant Earth Group in the fourth quarter valued at $103,000. Finally, Boston Partners acquired a new stake in Brilliant Earth Group during the 4th quarter worth about $324,000. Institutional investors and hedge funds 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. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.