Pathway Capital Management LP purchased a new position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 185,666 shares of the company's stock, valued at approximately $1,287,000. Honest makes up approximately 1.3% of Pathway Capital Management LP's holdings, making the stock its 6th biggest holding. Pathway Capital Management LP owned 0.18% of Honest at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of HNST. Jacobs Levy Equity Management Inc. grew its holdings in shares of Honest by 1,504.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company's stock valued at $3,040,000 after acquiring an additional 798,384 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company's stock worth $2,762,000 after purchasing an additional 611,844 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Honest by 216.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company's stock valued at $1,947,000 after purchasing an additional 372,749 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of Honest during the 3rd quarter valued at $843,000. Finally, State Street Corp increased its position in shares of Honest by 23.0% during the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company's stock valued at $4,218,000 after purchasing an additional 220,699 shares during the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Honest
In other news, Director Jessica Warren sold 465,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the completion of the transaction, the director now directly owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company's stock.
Honest Stock Up 1.2 %
HNST traded up $0.06 on Wednesday, hitting $5.22. The company's stock had a trading volume of 2,097,893 shares, compared to its average volume of 2,003,858. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The firm has a market cap of $568.51 million, a P/E ratio of -130.50 and a beta of 2.43. The company's 50 day simple moving average is $6.20 and its 200-day simple moving average is $5.48.
Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. Equities analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on HNST shares. B. Riley increased 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 increased their target price on shares of Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Alliance Global Partners lifted their price target on shares of Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Loop Capital lowered Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a report on Tuesday, December 17th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a research report on Thursday, February 27th. Three equities 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.93.
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Honest Profile
(
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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