The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares of the company's stock, valued at $1,498,693.80. This represents a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Honest Stock Down 4.2 %
Shares of HNST stock traded down $0.21 on Thursday, reaching $4.84. 2,428,922 shares of the stock were exchanged, compared to its average volume of 1,996,008. The stock has a market cap of $527.12 million, a P/E ratio of -121.00 and a beta of 2.45. The firm has a 50 day moving average of $5.93 and a two-hundred day moving average of $5.50. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year 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) EPS for the quarter, topping analysts' consensus estimates 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 research analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.
Institutional Trading of Honest
Several large investors have recently added to or reduced their stakes in the stock. Valmark Advisers Inc. increased its holdings in Honest by 1.7% in the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Honest by 6.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,706 shares of the company's stock valued at $324,000 after purchasing an additional 2,761 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Honest in the 4th quarter valued at $26,000. Dynamic Technology Lab Private Ltd increased its holdings in 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 purchasing an additional 5,330 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Honest by 30.1% in the 4th quarter. Legal & General Group Plc now owns 26,571 shares of the company's stock valued at $184,000 after purchasing an additional 6,146 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on HNST. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Honest in a research note on Thursday, February 27th. 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. B. Riley lifted their target price on shares of Honest from $6.50 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Alliance Global Partners lifted their target price on shares of Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Loop Capital cut shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 target price for the company. in a research note on Tuesday, December 17th. 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $7.42.
Read Our Latest Report on HNST
About Honest
(
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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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