Brilliant Earth Group (BRLT) Projected to Post Earnings on Wednesday

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

Brilliant Earth Group Price Performance

BRLT opened at $1.31 on Wednesday. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $1.85. The firm has a market capitalization of $129.10 million, a P/E ratio of 43.68 and a beta of 1.58. Brilliant Earth Group has a 12-month low of $1.25 and a 12-month high of $3.21. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49.

Insider Activity at Brilliant Earth Group

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BRLT. Telsey Advisory Group lowered Brilliant Earth Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $3.00 to $2.00 in a report on Thursday, December 19th. Jefferies Financial Group cut Brilliant Earth Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $4.00 to $1.60 in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Brilliant Earth Group currently has an average rating of “Hold” and an average price target 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.