Summit Global Investments purchased a new position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 63,951 shares of the company's stock, valued at approximately $443,000. Summit Global Investments owned 0.06% of Honest at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ieq Capital LLC raised its stake in shares of Honest by 61.3% during the 4th quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock worth $905,000 after purchasing an additional 49,673 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Honest by 216.0% during 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 acquiring an additional 372,749 shares during the period. Walleye Capital LLC purchased a new stake in shares of Honest during the 3rd quarter worth approximately $260,000. Los Angeles Capital Management LLC bought a new stake in shares of Honest in the 4th quarter worth approximately $819,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in Honest by 6.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company's stock valued at $11,295,000 after purchasing an additional 191,547 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company's stock.
Honest Trading Down 4.8 %
NASDAQ HNST traded down $0.24 on Friday, hitting $4.74. The company's stock had a trading volume of 2,353,254 shares, compared to its average volume of 2,047,832. The firm has a market cap of $516.23 million, a P/E ratio of -118.50 and a beta of 2.45. The company's 50-day simple moving average is $5.68 and its 200 day simple moving average is $5.55. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97.
Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $99.84 million for the quarter, compared to analysts' expectations of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. On average, research analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Loop Capital lowered Honest from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a research note on Tuesday, December 17th. Northland Securities lifted their target price on shares of Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.42.
View Our Latest Report on Honest
Insiders Place Their Bets
In related news, SVP Jonathan Mayle sold 37,481 shares of the business'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 directly owns 307,740 shares in the company, valued at $1,498,693.80. The trade was a 10.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $99,600.00. Following the completion of the transaction, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.
About Honest
(
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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