The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 2,055,468 shares were traded during mid-day trading, an increase of 46% from the previous session's volume of 1,410,185 shares.The stock last traded at $6.92 and had previously closed at $6.91.
Analysts Set New Price Targets
HNST has been the topic of several analyst reports. Telsey Advisory Group increased their target price on Honest from $4.00 to $6.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Northland Securities increased their target price on Honest from $6.50 to $7.50 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Alliance Global Partners increased their target price on Honest from $5.75 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Northland Capmk raised Honest to a "strong-buy" rating in a research note on Tuesday, August 6th. 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's stock. According to MarketBeat.com, Honest presently has a consensus rating of "Moderate Buy" and an average target price of $5.93.
View Our Latest Analysis on HNST
Honest Stock Up 4.2 %
The company has a market capitalization of $726.91 million, a P/E ratio of -180.00 and a beta of 1.85. The firm has a fifty day simple moving average of $4.03 and a 200-day simple moving average of $3.56.
Insider Buying and Selling
In other Honest news, EVP Stephen Winchell sold 6,938 shares of the firm'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 $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. This trade represents a 1.65 % 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. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 9,869,803 shares of the company's stock, valued at approximately $34,544,310.50. This represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,461,187 shares of company stock worth $8,739,880. 8.60% of the stock is owned by corporate insiders.
Institutional Trading of Honest
Hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in shares of Honest in the first quarter valued at approximately $27,000. Zacks Investment Management acquired a new stake in shares of Honest in the third quarter valued at approximately $37,000. Creative Planning acquired a new stake in shares of Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest in the third quarter valued at approximately $40,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Honest in the first quarter valued at approximately $52,000. 45.54% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
Before you consider Honest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honest wasn't on the list.
While Honest currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
