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 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 sale, the insider now directly owns 371,329 shares in the company, valued at $556,993.50. This represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $10,435.04.

Brilliant Earth Group Stock Down 1.4 %

Shares of NASDAQ:BRLT traded down $0.02 during trading on Wednesday, reaching $1.40. 129,343 shares of the stock traded hands, compared to its average volume of 91,992. The stock has a market cap of $137.97 million, a P/E ratio of 46.68 and a beta of 1.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. The stock has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.91. Brilliant Earth Group, Inc. has a 52-week low of $1.25 and a 52-week high of $3.21.

Institutional Trading of Brilliant Earth Group

Several institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC raised its stake in shares of Brilliant Earth Group by 166.0% in the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock worth $28,000 after purchasing an additional 8,300 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Brilliant Earth Group in the 4th quarter worth about $128,000. Klingman & Associates LLC purchased a new position in Brilliant Earth Group in the 4th quarter worth about $193,000. Impact Investors Inc bought a new position in Brilliant Earth Group during the 4th quarter valued at about $103,000. Finally, Boston Partners purchased a new stake in shares of Brilliant Earth Group during the 4th quarter valued at about $324,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group lowered shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $3.00 to $2.00 in a report on Thursday, December 19th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4.00 to $1.60 in a report on Tuesday, February 4th. Four 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 price target of $2.40.

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.