Brilliant Earth Group, Inc. (NASDAQ:BRLT) Insider Sharon Dziesietnik Sells 20,792 Shares

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 20,792 shares of the stock in a transaction 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 transaction, the insider now directly owns 371,329 shares in the company, valued at $556,993.50. The trade was 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 shares were sold at an average price of $1.96, for a total value of $10,435.04.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT traded down $0.02 during mid-day trading on Wednesday, hitting $1.40. 129,343 shares of the company traded hands, compared to its average volume of 91,992. The stock’s fifty day moving average price is $1.89 and its 200-day moving average price is $1.91. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. Brilliant Earth Group, Inc. has a one year low of $1.25 and a one year high of $3.21. The firm has a market cap of $137.97 million, a price-to-earnings ratio of 46.68 and a beta of 1.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BRLT. Millennium Management LLC bought a new stake in Brilliant Earth Group during the 4th quarter worth approximately $65,000. Jane Street Group LLC purchased a new stake in shares of Brilliant Earth Group in the fourth quarter worth $25,000. Northern Trust Corp lifted its stake in shares of Brilliant Earth Group by 64.0% during the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company’s stock valued at $153,000 after buying an additional 28,505 shares in the last quarter. XTX Topco Ltd bought a new position in Brilliant Earth Group in the 4th quarter worth $38,000. Finally, Mariner LLC bought a new position in Brilliant Earth Group in the 4th quarter worth $105,000. 70.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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