XTX Topco Ltd reduced its holdings in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,651 shares of the company's stock after selling 67,712 shares during the quarter. XTX Topco Ltd owned about 0.09% of Honest worth $621,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Mariner LLC bought a new stake in Honest in the fourth quarter valued at $175,000. Barclays PLC lifted its position in shares of Honest by 15.7% in the 4th quarter. Barclays PLC now owns 127,726 shares of the company's stock worth $885,000 after purchasing an additional 17,340 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Honest during the 4th quarter valued at about $336,000. 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 valued at $16,439,000 after buying an additional 398,603 shares during the period. Finally, Legal & General Group Plc raised its stake in Honest by 30.1% in the fourth quarter. Legal & General Group Plc now owns 26,571 shares of the company's stock worth $184,000 after buying an additional 6,146 shares in the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.
Honest Trading Up 6.2 %
HNST traded up $0.26 during midday trading on Tuesday, reaching $4.48. The company's stock had a trading volume of 1,595,775 shares, compared to its average volume of 2,145,112. The stock's 50-day moving average is $5.01 and its 200-day moving average is $5.65. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97. The firm has a market capitalization of $487.92 million, a price-to-earnings ratio of -112.00 and a beta of 2.44.
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 analysts' consensus estimates of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The company had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. As a group, equities research analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.
Insider Transactions at Honest
In related news, SVP Jonathan Mayle sold 37,481 shares of the firm'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 transaction of $182,532.47. Following the completion of the sale, the senior vice president now owns 307,740 shares of the company's stock, valued at $1,498,693.80. This trade 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 the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the sale, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 target price on shares of Honest in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.
View Our Latest Research Report on Honest
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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