Charles Schwab Investment Management Inc. Has $2.41 Million Stock Position in The Honest Company, Inc. (NASDAQ:HNST)

Charles Schwab Investment Management Inc. grew its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,133 shares of the company's stock after purchasing an additional 122,566 shares during the period. Charles Schwab Investment Management Inc. owned about 0.34% of Honest worth $2,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Honest during the 4th quarter worth approximately $26,000. Zacks Investment Management acquired a new position in shares of Honest in the third quarter valued at approximately $37,000. New York State Teachers Retirement System bought a new stake in shares of Honest during the fourth quarter worth $52,000. Intech Investment Management LLC acquired a new stake in shares of Honest during the third quarter worth $103,000. Finally, Entropy Technologies LP bought a new stake in Honest in the 4th quarter valued at $115,000. 45.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction that occurred 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 owns 307,740 shares of the company's stock, valued at $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the firm'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 sale, the insider now directly owns 431,844 shares of the company's stock, valued at approximately $2,150,583.12. The trade was a 4.43 % 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 Up 4.6 %

Shares of NASDAQ:HNST traded up $0.22 during midday trading on Wednesday, reaching $5.00. The company had a trading volume of 2,908,983 shares, compared to its average volume of 2,065,683. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The stock has a market cap of $544.55 million, a PE ratio of -125.00 and a beta of 2.45. The business's 50 day moving average price is $5.56 and its 200 day moving average price is $5.58.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm 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%. On average, research analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HNST. Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 target price on shares of Honest in a report on Thursday, February 27th. Loop Capital downgraded Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a report on Tuesday, December 17th. Finally, Northland Securities lifted their target price on Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. 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 company's stock. According to MarketBeat.com, Honest has a consensus rating of "Moderate Buy" and an average target price of $7.42.

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.