Brilliant Earth Group, Inc. (NASDAQ:BRLT) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,200 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC owned 0.12% of Brilliant Earth Group worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Privium Fund Management UK Ltd purchased a new stake in shares of Brilliant Earth Group in the second quarter worth about $28,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BRLT. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 target price on shares of Brilliant Earth Group in a report on Thursday, August 29th. William Blair cut shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th.

Brilliant Earth Group Stock Up 0.5 %

Shares of NASDAQ BRLT opened at $1.91 on Friday. The firm has a market cap of $186.91 million, a price-to-earnings ratio of 31.83 and a beta of 1.54. Brilliant Earth Group, Inc. has a 1 year low of $1.66 and a 1 year high of $3.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.33 and a current ratio of 2.88. The stock’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.32.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $105.43 million for the quarter, compared to the consensus estimate of $106.52 million. Brilliant Earth Group had a return on equity of 6.48% and a net margin of 0.57%. As a group, equities analysts anticipate that Brilliant Earth Group, Inc. will post -0.04 earnings per share for the current fiscal year.

Brilliant Earth Group 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.