Honest (NASDAQ:HNST - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01, Zacks reports. The company had revenue of $99.84 million during the quarter, compared to the consensus estimate 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 NASDAQ:HNST traded up $0.39 on Friday, reaching $5.40. The company's stock had a trading volume of 4,574,618 shares, compared to its average volume of 2,563,573. Honest has a 52-week low of $2.40 and a 52-week high of $8.97. The stock's 50-day moving average is $6.27 and its two-hundred day moving average is $5.46. The stock has a market capitalization of $588.11 million, a P/E ratio of -135.00 and a beta of 2.43.
Wall Street Analysts Forecast Growth
HNST has been the subject of several recent analyst reports. Loop Capital downgraded shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a research report on Tuesday, December 17th. B. Riley boosted their price target on shares of Honest from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. 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 note on Wednesday, December 4th. Alliance Global Partners lifted their target price on Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honest has an average rating of "Moderate Buy" and a consensus target price of $6.93.
View Our Latest Report on HNST
Insider Transactions at Honest
In other news, Director Jessica Warren sold 465,000 shares of the company's stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company's stock.
Honest Company Profile
(
Get Free Report)
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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