Bank of New York Mellon Corp Boosts Holdings in The Honest Company, Inc. (NASDAQ:HNST)

Bank of New York Mellon Corp raised its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 45.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 377,724 shares of the company's stock after buying an additional 117,612 shares during the quarter. Bank of New York Mellon Corp owned about 0.37% of Honest worth $2,618,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC raised its holdings in Honest by 6.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company's stock worth $11,295,000 after purchasing an additional 191,547 shares in the last quarter. Geode Capital Management LLC increased its position in Honest by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company's stock worth $6,468,000 after purchasing an additional 65,995 shares during the period. State Street Corp raised its stake in shares of Honest by 23.0% during the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company's stock worth $4,218,000 after buying an additional 220,699 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Honest by 1,504.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company's stock valued at $3,040,000 after buying an additional 798,384 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company's stock valued at $2,762,000 after buying an additional 611,844 shares in the last quarter. Hedge funds and other institutional investors own 45.54% of the company's stock.

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Insider Transactions at Honest

In other news, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the transaction, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the sale, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Honest Stock Performance

NASDAQ:HNST traded up $0.13 during mid-day trading on Monday, hitting $5.15. 3,065,165 shares of the company's stock traded hands, compared to its average volume of 2,028,404. The company has a market cap of $560.89 million, a PE ratio of -128.75 and a beta of 2.45. The firm's 50 day simple moving average is $5.77 and its 200 day simple moving average is $5.54. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $99.84 million during the quarter, compared to analysts' expectations of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. On average, research analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HNST shares. Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a report on Thursday, February 27th. Northland Securities raised their price objective on shares of Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Loop Capital lowered shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honest currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.42.

Honest Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.