Honest (NASDAQ:HNST) Price Target Raised to $7.50 at Northland Securities

Honest (NASDAQ:HNST - Get Free Report) had its price objective increased by research analysts at Northland Securities from $6.50 to $7.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Northland Securities' price target points to a potential upside of 26.90% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the stock. Alliance Global Partners upped their price objective on shares of Honest from $5.75 to $8.00 and gave the company a "buy" rating in a research report on Wednesday. Northland Capmk raised shares of Honest to a "strong-buy" rating in a research report on Tuesday, August 6th. Finally, B. Riley initiated coverage on shares of Honest in a research report on Tuesday, September 10th. They set a "buy" rating and a $6.50 price target on the stock. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.93.

Honest Stock Up 23.1 %

HNST stock traded up $1.11 during trading on Wednesday, hitting $5.91. The company had a trading volume of 13,677,422 shares, compared to its average volume of 1,341,814. The firm has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.45. Honest has a 1-year low of $1.39 and a 1-year high of $6.53. The firm has a market cap of $591.47 million, a PE ratio of -151.00 and a beta of 1.85.

Insider Buying and Selling at Honest

In other Honest news, EVP Stephen Winchell sold 6,938 shares of Honest stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the sale, the executive vice president now owns 414,736 shares of the company's stock, valued at $1,775,070.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the transaction, the insider now directly owns 9,869,803 shares of the company's stock, valued at $34,544,310.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Winchell sold 6,938 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the transaction, the executive vice president now directly owns 414,736 shares in the company, valued at $1,775,070.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,461,187 shares of company stock valued at $8,739,880 in the last quarter. Company insiders own 8.60% of the company's stock.

Hedge Funds Weigh In On Honest

Large investors have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in Honest during the first quarter worth about $27,000. Creative Planning bought a new position in Honest during the third quarter worth about $39,000. Wealth Enhancement Advisory Services LLC bought a new position in Honest during the third quarter worth about $40,000. Panagora Asset Management Inc. bought a new position in Honest during the second quarter worth about $43,000. Finally, Lazard Asset Management LLC bought a new position in Honest during the first quarter worth about $52,000. 45.54% of the stock is owned by institutional investors.

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.