Honest (NASDAQ:HNST - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. The company had revenue of $99.84 million for the quarter, compared to analysts' expectations of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Honest updated its FY 2025 guidance to EPS.
Honest Price Performance
Shares of HNST traded up $0.39 during mid-day trading on Friday, hitting $5.40. The stock had a trading volume of 4,574,618 shares, compared to its average volume of 2,563,573. The firm has a market cap of $588.11 million, a P/E ratio of -135.00 and a beta of 2.43. Honest has a 52 week low of $2.40 and a 52 week high of $8.97. The business has a fifty day moving average price of $6.27 and a 200-day moving average price of $5.46.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on HNST. B. Riley boosted their price target on shares of Honest from $6.50 to $7.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Alliance Global Partners boosted their target price on Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Loop Capital downgraded Honest from a "buy" rating to a "hold" rating and set a $7.00 price target for the company. in a research report on Tuesday, December 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday. Finally, Northland Securities raised 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. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $6.93.
Read Our Latest Analysis on Honest
Insider Buying and Selling
In other Honest news, Director Jessica Warren sold 465,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares in the company, valued at $8,833,937.90. This represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is currently owned by insiders.
About Honest
(
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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.
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