The Honest Company, Inc. (NASDAQ:HNST) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.70.

A number of analysts have issued reports on HNST shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price target on shares of Honest in a report on Thursday, February 27th. Loop Capital downgraded Honest from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 17th.

Insider Activity

In other news, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 431,844 shares in the company, valued at $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

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Hedge Funds Weigh In On Honest

Several hedge funds have recently bought and sold shares of HNST. Vanguard Group Inc. grew its holdings in shares of Honest by 25.7% in the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after purchasing an additional 1,052,305 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Honest by 589.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock worth $16,616,000 after acquiring an additional 2,049,981 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Honest by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company's stock worth $16,439,000 after acquiring an additional 398,603 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Honest by 103.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock valued at $14,185,000 after acquiring an additional 1,041,040 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Honest by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,826,160 shares of the company's stock valued at $12,658,000 after purchasing an additional 14,539 shares during the period. Institutional investors own 45.54% of the company's stock.

Honest Stock Up 0.5 %

NASDAQ:HNST traded up $0.02 on Friday, reaching $4.45. 3,057,147 shares of the company's stock traded hands, compared to its average volume of 2,137,378. The firm has a market cap of $484.65 million, a PE ratio of -111.25 and a beta of 2.44. The stock has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $5.62. Honest has a 12 month low of $2.40 and a 12 month high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate 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%. On average, equities analysts anticipate that Honest will post -0.07 earnings per share for the current year.

Honest Company 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.