Brilliant Earth Group (NASDAQ:BRLT) Releases Earnings Results

Brilliant Earth Group (NASDAQ:BRLT) issued its earnings results on Wednesday. The company reported $0.02 EPS for the quarter, Zacks reports. Brilliant Earth Group had a net margin of 0.50% and a return on equity of 3.09%. Brilliant Earth Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Brilliant Earth Group Trading Up 1.9 %

BRLT traded up $0.03 during trading hours on Wednesday, reaching $1.35. The company’s stock had a trading volume of 60,663 shares, compared to its average volume of 81,649. The stock has a market cap of $132.55 million, a PE ratio of 44.85 and a beta of 1.62. Brilliant Earth Group has a fifty-two week low of $1.25 and a fifty-two week high of $3.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. The business’s 50-day moving average is $1.69 and its 200-day moving average is $1.82.

Insiders Place Their Bets

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 20,792 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 371,329 shares of the company’s stock, valued at $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 84.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BRLT shares. Jefferies Financial Group lowered shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $4.00 to $1.60 in a research note on Tuesday, February 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Brilliant Earth Group in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.