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

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) is expected to release its earnings data 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. Persons interested in registering for the company's earnings conference call can do so using this link.

Brilliant Earth Group Stock Down 1.4 %

Shares of NASDAQ:BRLT traded down $0.02 during trading on Friday, hitting $1.36. The stock had a trading volume of 29,813 shares, compared to its average volume of 64,286. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.21. The company has a market capitalization of $134.03 million, a PE ratio of 45.35 and a beta of 1.62. The firm's fifty day moving average is $1.73 and its 200 day moving average is $1.83. 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 Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the business's stock in a transaction on 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 transaction, the insider now 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 through this link. Company insiders own 84.70% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed a "market perform" rating and set a $2.00 price objective on shares of Brilliant Earth Group in a research report on Thursday. Jefferies Financial Group lowered 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Brilliant Earth Group presently has an average rating of "Hold" and an average target price 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.