EAM Investors LLC Invests $1.19 Million in The Honest Company, Inc. (NASDAQ:HNST)

EAM Investors LLC purchased a new position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 171,229 shares of the company's stock, valued at approximately $1,187,000. EAM Investors LLC owned about 0.17% of Honest at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Honest during the fourth quarter worth $26,000. New York State Teachers Retirement System acquired a new stake in Honest in the 4th quarter valued at about $52,000. Fox Run Management L.L.C. acquired a new position in shares of Honest during the 4th quarter worth approximately $89,000. Walleye Trading LLC acquired a new stake in shares of Honest in the fourth quarter valued at approximately $109,000. Finally, Entropy Technologies LP purchased a new stake in Honest in the 4th quarter valued at $115,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.70.

Honest Stock Up 4.6 %

NASDAQ:HNST traded up $0.20 on Tuesday, reaching $4.42. The company's stock had a trading volume of 499,110 shares, compared to its average volume of 2,141,002. The firm has a market cap of $480.84 million, a price-to-earnings ratio of -110.38 and a beta of 2.44. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The stock has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.65.

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

Insider Activity

In related news, SVP Jonathan Mayle sold 37,481 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now directly owns 307,740 shares of the company's stock, valued at $1,498,693.80. This represents a 10.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $99,600.00. Following the completion of the transaction, the insider now directly owns 431,844 shares of the company's stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

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.