Brilliant Earth Group (BRLT) to Release Earnings on Wednesday

Brilliant Earth Group (NASDAQ:BRLT) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.00 per share and revenue of $116.82 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Brilliant Earth Group Stock Down 5.1 %

Shares of BRLT opened at $1.29 on Tuesday. 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 firm has a market cap of $127.13 million, a P/E ratio of 43.01 and a beta of 1.62. Brilliant Earth Group has a 52 week low of $1.25 and a 52 week high of $3.21. The firm’s 50-day simple moving average is $1.72 and its 200 day simple moving average is $1.83.

Insider Buying and Selling at Brilliant Earth Group

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 20,792 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total value of $31,188.00. Following the completion of the transaction, the insider now directly owns 371,329 shares in the company, valued at approximately $556,993.50. This represents a 5.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BRLT. 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 reissued a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a research note on Thursday, March 6th. Four 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, Brilliant Earth Group presently has a consensus rating of “Hold” and an average target price 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.