Insider Buying: Brilliant Earth Group (NASDAQ:BRLT) CFO Buys $13,600.00 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) CFO Jeffrey Chuenhong Kuo purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $1.36 per share, with a total value of $13,600.00. Following the acquisition, the chief financial officer owned 693,130 shares of the company’s stock, valued at $942,656.80. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Brilliant Earth Group Price Performance

BRLT stock opened at $1.28 on Thursday. The company has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.29. Brilliant Earth Group, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.10. The stock has a market capitalization of $130.33 million, a PE ratio of -4.41 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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 given a Sell rating to the stock. According to data from MarketBeat.com, Brilliant Earth Group has a consensus rating of “Reduce” and a consensus target price of $1.74.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Brilliant Earth Group during the third quarter worth $32,000. Algert Global LLC acquired a new position in Brilliant Earth Group in the third quarter valued at about $40,000. Renaissance Technologies LLC boosted its holdings in 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 buying an additional 22,000 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Brilliant Earth Group by 58.0% during the fourth quarter. Squarepoint Ops LLC now owns 62,103 shares of the company’s stock worth $109,000 after buying an additional 22,793 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in Brilliant Earth Group by 257.0% during the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after buying an additional 37,774 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

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.