The Honest Company, Inc. (NASDAQ:HNST) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $7.42.

Several analysts have recently weighed in on HNST shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research note on Thursday, February 27th. Northland Securities raised their price target on shares of Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Loop Capital lowered shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th.

Insider Activity

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

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Institutional Investors Weigh In On Honest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Honest in the 4th quarter valued at $26,000. New York State Teachers Retirement System bought a new position in Honest during the fourth quarter valued at about $52,000. Zacks Investment Management purchased a new stake in Honest during the third quarter worth about $37,000. Utah Retirement Systems bought a new stake in Honest in the fourth quarter worth about $86,000. Finally, Fox Run Management L.L.C. purchased a new position in Honest in the fourth quarter valued at about $89,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Honest Stock Up 2.6 %

HNST traded up $0.13 during trading on Wednesday, reaching $5.15. 3,066,391 shares of the stock traded hands, compared to its average volume of 2,028,451. The stock's 50-day moving average is $5.75 and its 200 day moving average is $5.55. Honest has a 12 month low of $2.40 and a 12 month high of $8.97. The stock has a market capitalization of $560.89 million, a PE ratio of -128.75 and a beta of 2.45.

Honest (NASDAQ:HNST - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. As a group, equities research analysts anticipate that Honest will post -0.07 EPS for the current year.

About Honest

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.