Analysts Issue Forecasts for BRLT Q1 Earnings

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Free Report) - Stock analysts at William Blair issued their Q1 2025 earnings estimates for shares of Brilliant Earth Group in a research report issued to clients and investors on Thursday, March 13th. William Blair analyst D. Carden anticipates that the company will earn ($0.03) per share for the quarter. The consensus estimate for Brilliant Earth Group's current full-year earnings is ($0.02) per share. William Blair also issued estimates for Brilliant Earth Group's FY2025 earnings at ($0.05) EPS and FY2026 earnings at $0.00 EPS.

BRLT has been the subject of a number of other reports. Jefferies Financial Group downgraded shares of Brilliant Earth Group from a "buy" rating to a "hold" rating and reduced their price target 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 target on shares of Brilliant Earth Group in a report on Thursday, March 13th.

Brilliant Earth Group Stock Performance

Shares of NASDAQ BRLT traded up $0.04 during trading hours on Monday, hitting $1.49. 28,244 shares of the stock were exchanged, compared to its average volume of 64,642. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. Brilliant Earth Group has a one year low of $1.25 and a one year high of $3.18. The company's 50 day moving average is $1.61 and its 200 day moving average is $1.79. The firm has a market capitalization of $146.84 million, a P/E ratio of 49.68 and a beta of 1.62.

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Hedge Funds Weigh In On Brilliant Earth Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners bought a new position in shares of Brilliant Earth Group during the 4th quarter worth about $324,000. Renaissance Technologies LLC increased its position in shares of Brilliant Earth Group by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 129,400 shares of the company's stock worth $272,000 after purchasing an additional 7,400 shares in the last quarter. Klingman & Associates LLC acquired a new stake in shares of Brilliant Earth Group during the 4th quarter worth about $193,000. Northern Trust Corp increased its position 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 worth $153,000 after purchasing an additional 28,505 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Brilliant Earth Group during the 4th quarter worth about $128,000. 70.41% of the stock is owned by institutional investors.

Insider Transactions at Brilliant Earth Group

In other news, insider Sharon Dziesietnik sold 20,792 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $556,993.50. This trade represents a 5.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 84.70% of the stock is owned by insiders.

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.