The Honest Company, Inc. (NASDAQ:HNST) Given Average Rating of "Moderate Buy" by Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.42.

A number of analysts recently commented on HNST shares. Loop Capital downgraded shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th. Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Northland Securities upped their price target on Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, December 4th.

Insider Transactions at Honest

In related news, insider Stephen Winchell sold 20,000 shares of the 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 sale, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the transaction, the senior vice president now directly owns 307,740 shares of the company's stock, valued at $1,498,693.80. The trade was a 10.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

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Institutional Trading of Honest

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new position in shares of Honest during the 4th quarter worth $932,000. Public Employees Retirement System of Ohio purchased a new position in Honest during the fourth quarter worth about $352,000. Voloridge Investment Management LLC purchased a new position in Honest during the fourth quarter worth about $159,000. Squarepoint Ops LLC boosted its stake in Honest by 642.4% in the 4th quarter. Squarepoint Ops LLC now owns 326,011 shares of the company's stock worth $2,259,000 after buying an additional 282,098 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Honest by 317.7% in the 4th quarter. Two Sigma Advisers LP now owns 200,100 shares of the company's stock valued at $1,387,000 after buying an additional 152,200 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.

Honest Stock Performance

Shares of HNST stock remained flat at $5.02 during trading hours on Wednesday. The stock had a trading volume of 2,040,649 shares, compared to its average volume of 2,019,943. The business's 50-day simple moving average is $5.77 and its 200 day simple moving average is $5.52. The firm has a market cap of $546.73 million, a P/E ratio of -125.50 and a beta of 2.45. Honest has a fifty-two week low of $2.40 and a fifty-two week high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $99.84 million during 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%. Sell-side analysts forecast that Honest will post -0.07 EPS for the current fiscal 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.