Brokerages Set The Honest Company, Inc. (NASDAQ:HNST) PT at $6.93

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.93.

Several research firms have commented on HNST. Northland Securities upped their price objective on shares of Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, December 4th. B. Riley upped their price target on shares of Honest from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Alliance Global Partners raised their price objective on shares of Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Telsey Advisory Group upped their target price on Honest from $6.00 to $7.00 and gave the company a "market perform" rating in a research report on Friday, January 10th. Finally, Loop Capital cut Honest from a "buy" rating to a "hold" rating and set a $7.00 price target for the company. in a report on Tuesday, December 17th.

Insider Buying and Selling at Honest

In other Honest news, CEO Carla Vernon sold 65,176 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $462,749.60. Following the sale, the chief executive officer now owns 2,763,143 shares of the company's stock, valued at approximately $19,618,315.30. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Loretta sold 27,004 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total value of $191,728.40. Following the completion of the transaction, the chief financial officer now owns 960,753 shares of the company's stock, valued at $6,821,346.30. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 799,818 shares of company stock valued at $5,975,421 in the last three months. Corporate insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Honest

A number of institutional investors have recently added to or reduced their stakes in the business. Valmark Advisers Inc. increased its holdings in Honest by 1.7% in the fourth quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock valued at $1,130,000 after purchasing an additional 2,735 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Honest by 7.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company's stock valued at $288,000 after buying an additional 5,330 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Honest by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company's stock worth $805,000 after acquiring an additional 7,379 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Honest in the fourth quarter worth approximately $52,000. Finally, Zacks Investment Management acquired a new stake in Honest during the 3rd quarter valued at approximately $37,000. 45.54% of the stock is owned by institutional investors.

Honest Trading Down 5.3 %

Shares of HNST traded down $0.36 during mid-day trading on Tuesday, reaching $6.35. The company's stock had a trading volume of 2,310,090 shares, compared to its average volume of 2,294,287. The stock has a market cap of $640.60 million, a P/E ratio of -158.88 and a beta of 2.45. Honest has a 1-year low of $2.40 and a 1-year high of $8.97. The business has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $5.10.

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.