Peak6 LLC Acquires Shares of 94,244 The Honest Company, Inc. (NASDAQ:HNST)

Peak6 LLC bought a new position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 94,244 shares of the company's stock, valued at approximately $653,000. Peak6 LLC owned approximately 0.09% of Honest as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Honest during the 4th quarter worth $26,000. New York State Teachers Retirement System purchased a new position in Honest during the fourth quarter worth about $52,000. Fox Run Management L.L.C. acquired a new position in Honest in the 4th quarter valued at about $89,000. Walleye Trading LLC purchased a new stake in shares of Honest in the 4th quarter valued at approximately $109,000. Finally, Entropy Technologies LP acquired a new stake in shares of Honest during the 4th quarter worth approximately $115,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Honest Stock Down 0.7 %

Shares of NASDAQ HNST opened at $4.39 on Monday. The business's 50 day moving average is $5.05 and its two-hundred day moving average is $5.65. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97. The firm has a market cap 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, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $99.84 million for 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%. Analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honest has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Insider Activity

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

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.

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