Honest (HNST) Expected to Announce Quarterly Earnings on Wednesday

Honest (NASDAQ:HNST - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $96.46 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Honest Trading Down 5.1 %

NASDAQ:HNST traded down $0.31 during mid-day trading on Friday, reaching $5.73. 3,442,554 shares of the stock were exchanged, compared to its average volume of 2,177,415. The business has a fifty day moving average price of $6.44 and a 200 day moving average price of $5.36. Honest has a 1-year low of $2.40 and a 1-year high of $8.97. The firm has a market capitalization of $578.00 million, a PE ratio of -143.13 and a beta of 2.43.

Analysts Set New Price Targets

HNST has been the topic of a number of research reports. Loop Capital downgraded shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a report on Tuesday, December 17th. B. Riley upped their price target on Honest from $6.50 to $7.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Alliance Global Partners increased their price objective on Honest from $5.75 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Northland Securities lifted their target price on Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 target price on shares of Honest in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $6.93.

Insider Activity

In related news, Director Jessica Warren sold 465,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Brendan Sheehey sold 92,138 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $8.13, for a total transaction of $749,081.94. Following the transaction, the general counsel now directly owns 516,816 shares in the company, valued at $4,201,714.08. The trade was a 15.13 % 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.

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.