JPMorgan Chase & Co. Buys 435,723 Shares of The Honest Company, Inc. (NASDAQ:HNST)

JPMorgan Chase & Co. raised its stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 56.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,209,529 shares of the company's stock after acquiring an additional 435,723 shares during the period. JPMorgan Chase & Co. owned about 1.20% of Honest worth $8,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Honest in the fourth quarter valued at approximately $26,000. New York State Teachers Retirement System bought a new position in shares of Honest in the 4th quarter worth $52,000. Fox Run Management L.L.C. bought a new stake in Honest in the fourth quarter valued at about $89,000. Entropy Technologies LP acquired a new position in shares of Honest during the 4th quarter worth about $115,000. Finally, Olympiad Research LP bought a new stake in shares of Honest in the 4th quarter valued at about $168,000. 45.54% of the stock is owned by institutional investors.

Insider Transactions at Honest

In other news, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the sale, the senior vice president now owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. This represents a 10.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the completion of the transaction, the insider now directly owns 431,844 shares of the company's stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Honest in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honest currently has an average rating of "Moderate Buy" and an average price target of $7.70.

Honest Stock Down 0.7 %

Shares of HNST traded down $0.03 on Friday, hitting $4.39. The company's stock had a trading volume of 1,672,206 shares, compared to its average volume of 2,147,483. The firm's fifty day moving average price is $5.05 and its 200-day moving average price is $5.65. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The firm has a market capitalization of $478.11 million, a price-to-earnings ratio of -109.75 and a beta of 2.44.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business 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%. As a group, equities analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Honest Profile

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.