Brilliant Earth Group (NASDAQ:BRLT – Get Free Report) had its price objective reduced by TD Cowen from $3.40 to $3.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. TD Cowen’s price target suggests a potential upside of 1.35% from the stock’s current price.
Brilliant Earth Group Stock Up 12.5 %
BRLT stock traded up $0.33 during trading hours on Friday, hitting $2.96. The company’s stock had a trading volume of 116,141 shares, compared to its average volume of 48,978. The company has a quick ratio of 2.24, a current ratio of 2.77 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $287.39 million, a PE ratio of 59.21 and a beta of 1.59. Brilliant Earth Group has a 12 month low of $2.04 and a 12 month high of $4.29. The stock has a 50 day moving average price of $3.02 and a two-hundred day moving average price of $2.97.
Insiders Place Their Bets
In related news, Director Gavin Turner sold 9,191 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $3.52, for a total transaction of $32,352.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Mainsail Gp Iii, Llc sold 8,222 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $3.46, for a total transaction of $28,448.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gavin Turner sold 9,191 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $3.52, for a total transaction of $32,352.32. The disclosure for this sale can be found here. Insiders sold 71,024 shares of company stock valued at $245,721 over the last ninety days. Corporate insiders own 85.81% of the company’s stock.
Hedge Funds Weigh In On Brilliant Earth Group
Brilliant Earth Group Company Profile
Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.
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