Y Intercept Hong Kong Ltd Buys New Position in The Honest Company, Inc. (NASDAQ:HNST)

Y Intercept Hong Kong Ltd bought a new position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,037 shares of the company's stock, valued at approximately $409,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Honest at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zacks Investment Management acquired a new stake in shares of Honest during the third quarter worth approximately $37,000. Creative Planning acquired a new stake in shares of Honest during the 3rd quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC bought a new position in Honest during the third quarter worth $40,000. New York State Teachers Retirement System acquired a new position in Honest in the fourth quarter worth $52,000. Finally, US Bancorp DE acquired a new position in Honest in the third quarter worth $78,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honest

In other news, Director Jessica Warren sold 465,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the completion of the transaction, the director now directly owns 1,170,058 shares in the company, valued at $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HNST. B. Riley raised their price target on shares of Honest from $6.50 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a report on Thursday, February 27th. Loop Capital lowered Honest from a "buy" rating to a "hold" rating and set a $7.00 target price for the company. in a report on Tuesday, December 17th. Alliance Global Partners increased their price target on Honest from $5.75 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Northland Securities boosted their price objective on Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honest presently has an average rating of "Moderate Buy" and a consensus target price of $6.93.

Honest Price Performance

HNST stock traded down $0.24 on Thursday, reaching $4.98. The company's stock had a trading volume of 1,312,686 shares, compared to its average volume of 2,005,674. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97. The company has a market capitalization of $542.48 million, a P/E ratio of -124.38 and a beta of 2.43. The firm has a fifty day moving average of $6.17 and a two-hundred day moving average of $5.48.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings results 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. 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 analysts' expectations of $96.46 million. As a group, equities analysts expect that The Honest Company, Inc. 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.