Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Update

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 63,200 shares, a decrease of 13.8% from the January 31st total of 73,300 shares. Based on an average daily volume of 89,000 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, insider Sharon Dziesietnik sold 20,792 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total transaction of $31,188.00. Following the completion of the transaction, the insider now directly owns 371,329 shares of the company’s stock, valued at $556,993.50. This represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 84.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Brilliant Earth Group in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC lifted its holdings 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 purchasing an additional 8,300 shares during the last quarter. XTX Topco Ltd bought a new position in Brilliant Earth Group during the fourth quarter worth $38,000. Millennium Management LLC acquired a new position in shares of Brilliant Earth Group in the fourth quarter valued at $65,000. Finally, Impact Investors Inc acquired a new stake in shares of Brilliant Earth Group during the 4th quarter worth about $103,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Brilliant Earth Group Stock Down 0.3 %

Shares of NASDAQ BRLT traded down $0.00 during trading hours on Thursday, hitting $1.34. The company had a trading volume of 12,022 shares, compared to its average volume of 63,984. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $1.74 and its 200-day moving average is $1.84. Brilliant Earth Group has a 1-year low of $1.25 and a 1-year high of $3.21. The stock has a market capitalization of $131.67 million, a P/E ratio of 44.55 and a beta of 1.58.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Brilliant Earth Group in a research report on Thursday. Jefferies Financial Group lowered shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $4.00 to $1.60 in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.40.

About Brilliant Earth Group

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.