Brilliant Earth Group (NASDAQ:BRLT) Issues Quarterly Earnings Results

Brilliant Earth Group (NASDAQ:BRLT) announced its earnings results on Wednesday. The company reported $0.02 earnings per share (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 %

NASDAQ:BRLT traded up $0.03 on Wednesday, reaching $1.35. The company’s stock had a trading volume of 72,017 shares, compared to its average volume of 64,423. The firm has a market cap of $132.55 million, a price-to-earnings ratio of 44.85 and a beta of 1.62. 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 has a 12-month low of $1.25 and a 12-month high of $3.21. The stock has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.82.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRLT. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a research note on Thursday, March 6th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.60 in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.40.

Insider Buying and Selling at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 371,329 shares in the company, valued at $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 84.70% of the stock is currently owned by corporate insiders.

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.