Harbor Capital Advisors Inc. Acquires 120,937 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Harbor Capital Advisors Inc. lifted its stake in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 122.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,697 shares of the company's stock after buying an additional 120,937 shares during the period. Harbor Capital Advisors Inc. owned about 0.22% of Honest worth $784,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in Honest in the 1st quarter worth about $27,000. Creative Planning bought a new position in shares of Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Honest during the third quarter valued at approximately $40,000. Lazard Asset Management LLC purchased a new stake in shares of Honest during the first quarter valued at approximately $52,000. Finally, Panagora Asset Management Inc. bought a new stake in Honest during the second quarter worth $43,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. B. Riley began coverage on shares of Honest in a report on Tuesday, September 10th. They set a "buy" rating and a $6.50 price objective for the company. Northland Capmk raised shares of Honest to a "strong-buy" rating in a report on Tuesday, August 6th. Finally, Northland Securities initiated coverage on Honest in a research note on Tuesday, August 6th. They issued an "outperform" rating and a $6.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.04.

Honest Stock Up 1.9 %

NASDAQ:HNST traded up $0.08 during mid-day trading on Thursday, hitting $4.22. 2,101,134 shares of the stock traded hands, compared to its average volume of 1,225,297. The Honest Company, Inc. has a 12-month low of $1.20 and a 12-month high of $4.89. The company has a market cap of $422.35 million, a PE ratio of -32.62 and a beta of 1.85. The business's 50-day moving average price is $3.82 and its 200 day moving average price is $3.41.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $93.05 million for the quarter, compared to analysts' expectations of $87.63 million. Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Analysts anticipate that The Honest Company, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Brendan Sheehey sold 8,176 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total value of $34,993.28. Following the transaction, the general counsel now owns 517,861 shares of the company's stock, valued at $2,216,445.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, General Counsel Brendan Sheehey sold 8,176 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $34,993.28. Following the completion of the sale, the general counsel now owns 517,861 shares in the company, valued at $2,216,445.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Winchell sold 6,938 shares of Honest stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the transaction, the executive vice president now directly owns 414,736 shares in the company, valued at $1,775,070.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,531,187 shares of company stock worth $9,018,480. 8.60% of the stock is currently owned by insiders.

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.