Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Insider Sells 253,815 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 253,815 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $2.99, for a total value of $758,906.85. Following the completion of the sale, the insider now directly owns 1,109,489 shares in the company, valued at approximately $3,317,372.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jessica Warren also recently made the following trade(s):

• On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The shares were sold at an average price of $3.07, for a total value of $847,666.91.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total value of $75,569.76.

Honest Trading Down 1.0 %

Shares of HNST stock traded down $0.03 on Friday, reaching $3.03. 1,778,905 shares of the stock were exchanged, compared to its average volume of 1,005,422. The business’s 50 day moving average price is $3.66 and its 200 day moving average price is $2.70. The company has a market capitalization of $294.00 million, a price-to-earnings ratio of -7.17 and a beta of 1.83. The Honest Company, Inc. has a twelve month low of $1.06 and a twelve month high of $4.89.

Honest (NASDAQ:HNST) last issued its earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $90.26 million during the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. Equities research analysts forecast that The Honest Company, Inc. will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Honest

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Honest during the second quarter worth $26,000. Tower Research Capital LLC TRC purchased a new stake in Honest in the third quarter valued at $41,000. LPL Financial LLC purchased a new stake in Honest in the second quarter valued at $60,000. Bank of Montreal Can lifted its position in Honest by 37.4% in the second quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after acquiring an additional 5,275 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Honest in the first quarter valued at $61,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HNST shares. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 target price on shares of Honest in a research report on Wednesday, April 10th. Morgan Stanley boosted their price target on shares of Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Lake Street Capital started coverage on shares of Honest in a research note on Thursday, April 4th. They issued a “buy” rating and a $6.00 price target for the company. Alliance Global Partners started coverage on shares of Honest in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price target for the company. Finally, Loop Capital dropped their price target on shares of Honest from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.55.

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.