Easterly Investment Partners LLC Sells 83,000 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Easterly Investment Partners LLC lessened its stake in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 55.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,000 shares of the company's stock after selling 83,000 shares during the period. Easterly Investment Partners LLC owned 0.07% of Honest worth $464,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Honest by 869.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company's stock worth $10,716,000 after buying an additional 1,386,961 shares during the period. Vanguard Group Inc. lifted its position in Honest by 25.7% during the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after acquiring an additional 1,052,305 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Honest by 1,504.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company's stock valued at $3,040,000 after acquiring an additional 798,384 shares during the period. JPMorgan Chase & Co. grew its holdings in Honest by 377.8% in the 3rd 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 during the last quarter. Finally, State Street Corp increased its position in Honest by 23.0% in 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 during the period. Institutional investors own 45.54% of the company's stock.

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Insider Buying and Selling at Honest

In other news, insider Stephen Winchell sold 20,000 shares of the company'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 transaction, the insider now directly owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the firm'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 completion of the sale, the senior vice president now directly owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Loop Capital downgraded shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 17th. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Northland Securities upped their price objective on shares of 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.42.

Honest Price Performance

Shares of Honest stock traded up $0.13 during trading on Tuesday, hitting $4.83. 654,545 shares of the company's stock traded hands, compared to its average volume of 2,047,535. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The company has a market cap of $525.49 million, a PE ratio of -120.88 and a beta of 2.45. The firm's fifty day moving average price is $5.60 and its 200 day moving average price is $5.58.

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 return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $99.84 million for the quarter, compared to analysts' expectations of $96.46 million. As a group, equities research analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share 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.